Compa/955/2011 Of M/S.southern Contenental Contracots Ltd v. The Income-Tax Officer (Cib)

THE HON’BLE SRI JUSTICE NOOTY RAMAMOHANA RAOCOMPANY APPLICATIONS No. 1551 OF 2010 AND 955 OF 2011 COMMON ORDER: Learned Standing Counsel for Income Tax Department, SriB. Narasimha Sharma, appeared in the matter pursuant to the noticeissued on 17.08.2011 in Company Application No. 955 of 2011 andafter an appropriate consultation with the officers of the Income TaxDepartment, the Income Tax Officer (CIB)-5, Office of the Director ofIncome Tax (CIB), Hyderabad has communicated his decision on27.09.2011 pointing out that the Official Liquidators/Advocate-Commissioners need not obtain any PAN in respect of the affairs of thecompany under liquidation and hence, the order communicated by himearlier which gave rise to these Applications can be ignored. It isfurther pointed out in that communication that no further action in termsof Section 139A (5) of the Income Tax Act, 1961 would be attracted, tothe transactions carried out by the learned Advocate-Commissionerson behalf of the company under liquidation. In view of this, no further orders are needed to be passed,except acknowledging the good work done by the learned StandingCounsel. Both the Company Applications are therefore, disposed of. Nocosts. ---------------------------------- (NOOTY RAMAMOHANA RAO, J)