Icici Securities Ltd v. Asstt.commissioner Of
High Court
22 Mar 2005 In favour of: Unclear
Forum / Bench
High Court · newos
Parties
Icici Securities Ltd v. Asstt.commissioner Of
Date of order
22 Mar 2005
Assessment year(s)
1997-98
Outcome
Other
The order — as passed by the High Court
Case summary
In Icici Securities Ltd v. Asstt.commissioner Of, the High Court (2005) decided the matter.
Decision: Petition stands disposed of in terms of the above order with no order as to costs.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
Sections referenced in this judgment
IN THE HIGH COURT OF JUDICATURE AT BOMBAYORIGINAL SIDE.
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORIGINAL SIDE.
WRIT PETITION NO. 817 OF 2005.
ICICI Securities Ltd. ..Petitioners.
vs.
Asstt.Commissioner of
Income tax Range 3(2) ..Respondents.
& ors.
Shri A.S. Jasani i/b Kanga & Co. for the petitioners.
Shri A.S. Rao for the respondents.
CORAM: V.C.DAGA &
CORAM: V.C.DAGA &
CORAM: V.C.DAGA &
J.P.DEVADHAR,JJ.
DATED: 22-3-2005.
DATED: 22-3-2005.
DATED: 22-3-2005.
P.C.
1. Heard rival parties. Perused petition.
2. Considering the submissions made without going
to the larger issue, this petition cam be disposed of
on the statement made by Shri Rao, appearing for the
Revenue. Shri Rao, Learned Counsel appearing for the
Revenue states that the objection raised by the
petitioners for re-opening under section 148 of the
Income-tax Act, 1961, for the Assessment Year 1997-98,
vide letter dated 16.3.2005 shall be heard and decided
on its on its own merits by a reasoned order within a
period of 2 weeks from today. The statement made is
taken on record. We make it clear that in the event
of any order adverse to the petitioner, the assessment
proceedings shall stand stayed for a further period of
3 weeks from the date of communication of the order.
The order should be communicated to the petitioner by
R.P.A.D.
3. Petition stands disposed of in terms of the
above order with no order as to costs.
(J.P.DEVADHAR,J.) (V.C.DAGA,J.)
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