Nma/1495/2015 Of M/S Jayantilal Investments v. Income Tax Officer And 3 Ors

IN THE HIGH COURT OF JUDICATURE AT BOMBAYORDINARY ORIGINAL CIVIL JURISDICTION NOTICE OF MOTION NO.1495 OF 2015 IN INCOME TAX APPEAL NO. 1509 OF 2014 M/s. Jayantilal Investments .. Applicants In the matter betweenM/s. Jayantilal Investments .. Appellants v/s. Income Tax Officer & Ors. ..Respondents Mr. Akshay Bobade a/w Aditi Bhat i/b Y.R. Shah for the applicantsMr. Tejveer Singh for the respondents CORAM : M.S. SANKLECHA & G.S. KULKARNI, J.J. DATED : 4[th] DECEMBER, 2015. P.C. 1.This notice of motion has been taken out by the applicants for expediting the appeal and fixing an early date. This appeal was admitted on 30th October, 2014. However, notice of motion taken out for stay the implementation of the impugned order passed by the Tribunal, was dismissed. 2.Thereafter, the applicants filed an appeal to the Hon'ble 1495-15-nma=.doc Supreme Court. The Apex Court by an order dated 12th December, 2014 directed the applicant to deposit the principal amount of tax with the Income Tax Department. The applicants have admittedly deposited the entire principal amount with the Income Tax Department. On 24th August, 2015, the Apex Court granted liberty to the applicants to approach this Court for fixing an early hearing of the matter. 3.The hearing of the appeal is expedited. The appeal be listed in the list of expedited matters. Liberty to the parties to apply. Motion is disposed of in above terms. (G.S. KULKARNI, J.) (M.S. SANKLECHA, J.)