Swiss Re Services India Pvt. Ltd v. Deputy Commissioner Of Income Tax,Circle 2(3) And Others

PNP 1 NMW505-20.10 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION NOTICE OF MOTION NO.505 OF 2011 INWRIT PETITION (LODG.) NO.2086 OF 2011 Swiss Re Services India Pvt. Ltd...Petitioner. vs. Deputy Commissioner of Income Tax,Circle 2(3) and others..Respondents. …. Mr. Percy J. Pardiwala, Senior Advocate with Mr. Atul K. Jasani for the Petitioner. Mr. Vimal Gupta for the Respondents. .... CORAM : DR.D.Y.CHANDRACHUD &A.A. SAYED, JJ. 20 October 2011 P.C.: The Petition has been disposed of on 26 September 2011. By the order this Court directed that the Assessing Officer shall dispose of the objections raised by the Petitioner to the reopening of the assessment within a period of four weeks. In the meantime, the Court is informed that the Assessing Officer had made a reference to the Transfer Pricing Officer (TPO). Since by the order dated 26 September 2011 this Court had directed that no steps shall be taken in pursuance of the notice dated 21 March 2011 until the objections are disposed of and in the event that an adverse order is passed, for a further period of four weeks thereafter, it PNP NMW505-20.10 is clarified that this shall apply to the proceedings which are pending before the TPO. The Motion is accordingly disposed of. (Dr. D.Y. Chandrachud, J.) (A. A. Sayed, J.)