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2024:BHC-OS:5604: 1/2 909.Wp-1487-2024

The document is a court order regarding Writ Petition No. 1487 of 2024, where the Maharashtra State Road Development Corporation Limited challenges a notice issued under Section 263 of the Income Tax Act. The court has directed the Principal Commissioner of Income Tax to dispose of the proceedings by June 30, 2024, after a personal hearing. The petition is disposed of, and all rights and contentions are preserved without any observations on the merits of the case.

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18 views2 pages

2024:BHC-OS:5604: 1/2 909.Wp-1487-2024

The document is a court order regarding Writ Petition No. 1487 of 2024, where the Maharashtra State Road Development Corporation Limited challenges a notice issued under Section 263 of the Income Tax Act. The court has directed the Principal Commissioner of Income Tax to dispose of the proceedings by June 30, 2024, after a personal hearing. The petition is disposed of, and all rights and contentions are preserved without any observations on the merits of the case.

Uploaded by

ranasinghyashpal0
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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2024:BHC-OS:5604

1/2 909.WP-1487-2024.doc

IN THE HIGH COURT OF JUDICATURE AT BOMBAY


ORDINARY ORIGINAL CIVIL JURISDICTION
WRIT PETITION NO.1487 OF 2024
Maharashtra State Road Development
Corporation Limited ….Petitioner
V/s.
The Principal Commissioner of Income Tax – 5 & Anr. .…Respondents
----
Mr. Beni Chatterji, Senior Advocate a/w. Mr. Arun Siwach and Mr. Karan
Khetani i/b. Cyril Amarchand Mangaldas for petitioner.
Mr. Vikas T. Khanchandani a/w. Mr. Eshaan Saroop for respondents –
Revenue.
----
CORAM : K.R. SHRIRAM &
DR. NEELA GOKHALE, JJ.
DATED : 2nd APRIL 2024

P.C. :

1 Petition impugns a notice dated 4th September 2023 issued

under Section 263 of the Income Tax Act, 1961 (the Act). Petitioner has

replied to the notice vide its Chartered Accountant’s letter dated

9th November 2023. Respondent no.1 has not disposed the proceedings

initiated under Section 263 of the Act since petitioner filed this petition and

an ad-interim stay was granted.

2 Having considered the reply filed, we see no reason to

interfere. Respondent no.1 is directed to dispose the proceedings initiated

under Section 263 of the Act on or before 30 th June 2024. Before passing

any order, which shall be a reasoned order dealing with all submissions of

petitioner, a personal hearing shall be given, notice whereof shall be

Gauri Gaekwad
2/2 909.WP-1487-2024.doc

communicated atleast 5 working days in advance.

3 Petition disposed accordingly.

4 All rights and contentions are kept open.

5 We clarify that we have not made any observation on the

merits of the matter.

(DR. NEELA GOKHALE, J.) (K.R. SHRIRAM, J.)

Gauri Gaekwad
Signed by: Gauri A. Gaekwad
Designation: PS To Honourable Judge
Date: 03/04/2024 18:13:22

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