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[Cites 2, Cited by 0]

Supreme Court - Daily Orders

Suraksha Realty Ltd. vs Deputy Commissioner Of Income Tax on 15 April, 2024

Author: Dipankar Datta

Bench: Dipankar Datta

                                                                        CA No. 7412/2023 etc.

     ITEM NO.46                             COURT NO.2                   SECTION XVII

                              S U P R E M E C O U R T O F     I N D I A
                                      RECORD OF PROCEEDINGS

                                    Civil Appeal No. 7412/2023

     SURAKSHA REALTY LTD. & ANR.                                     Appellant(s)

                                                VERSUS

     DEPUTY COMMISSIONER OF INCOME TAX & ANR.                        Respondent(s)

     (IA No.226930/2023-EXEMPTION FROM FILING C/C                 OF    THE    IMPUGNED
     JUDGMENT and IA No.226926/2023-EX-PARTE STAY)

     WITH

     C.A. No. 8121/2023 (XVII)
     (FOR ADMISSION and IA No.260002/2023-EX-PARTE STAY)

     Date : 15-04-2024 These matters were called on for hearing today.

     CORAM :             HON'BLE MR. JUSTICE SANJIV KHANNA
                         HON'BLE MR. JUSTICE DIPANKAR DATTA

     For Appellant(s)
                                   Mr. Parag P. Tripathi, Sr. Adv.
                                   Mr. Sumant Batra, Adv.
                                   Mr. Sanjay Bhatt, Adv.
                                   Mr. Rabin Majumder, AOR
                                   Ms. Akansha Srivastava, Adv.
                                   Mr. Joydeep Mukherjee, Adv.

                                   Mr. Mukul Rohatgi, Sr. Adv.
                                   Mr. Neeraj Kishan Kaul, Sr. Adv.
                                   Mr. Mahesh Agarwal, Adv.
                                   Mr. Rishi Agrawala, Adv.
                                   Mr. Rohan Talwar, Adv.
                                   Ms. Geetika Sharma, Adv.
                                   Mr. E.C. Agrawala, AOR
     For Respondent(s)
                                   Mr. N. Venkatraman, A.S.G. (N/P)
                                   Mr. Arijit Prasad, Sr. Adv.
                                   Mr. Raj Bahadur Yadav, AOR
                                   Mr. V. Chandrashekhara Bharathi, Adv.
Signature Not Verified
                                   Mr. Raghvendra Shukla, Adv.
Digitally signed by
Deepak Guglani
Date: 2024.04.18
                                   Mr. Navanjay Mahapatra, Adv.
17:32:22 IST
Reason:

                                   Mr. Neeraj Kishan Kaul, Sr. Adv.
                                   Mr. Mahesh Agarwal, Adv.

                                                 1
                                                                      CA No. 7412/2023 etc.

                        Mr. Rishi Agrawala,, Adv.
                        Mr. Rohan Talwar, Adv.
                        Ms. Geetika Sharma, Adv.
                        Mr. Sagar Bansal, Adv.
                        Mr. E.C. Agrawala, AOR

                        Mr. Parag P. Tripathi, Sr. Adv.
                        Mr. Sumant Batra, Adv.
                        Mr. Sanjay Bhatt, Adv.
                        Mr. Rabin Majumder, AOR
                        Ms. Akansha Srivastava, Adv.
                        Mr. Joydeep Mukherjee, Adv.

                        Mr. Rana Mukherjee, Sr. Adv.
                        Mr. Chitranshul A. Sinha, AOR

                        Mr. Shoeb Alam, Sr. Adv.
                        Mr. Amit Kumar Mishra, Adv.
                        Ms. Mitakshara Goyal, Adv.
                        Mr. Akshat Hansaria, Adv.
                        Mr. Shivam Singh, Adv.
                        Mr. Kunal Chatterji, AOR

                        Mr. Anil Dutt, Adv.
                        Mr. Anupam Chaudhary, Adv.
                        Mr. Vishal Gupta, AOR

                        Mr. Gopal Sankaranarayanan, Sr. Adv. **

          UPON hearing the counsel the Court made the following
                              O R D E R

We put respondent no. 1 – Deputy Commissioner of Income Tax, Circle 5(1)(1), Noida to notice that this Court, while examining the issues in the present appeal, may go into the question of validity of the assessment order, in exercise of its jurisdiction under Article 142 and Article 136 of the Constitution of India. A copy of the assessment order will be examined by the Chairperson of the Central Board of Direct Taxes, who will file an affidavit in the Court examining all aspects and issues. The affidavit will be filed within a period of 25 days from today. We have made these observations and passed the aforesaid 2 CA No. 7412/2023 etc. direction in view of the very peculiar facts and circumstances of the case. Resolution plan for construction of a housing project, which affects about 20,000 home buyers is at stand still. Some of the home buyers had made the bookings as early as in the year 2008. The Corporate Insolvency Resolution Process had commenced in 2017.

Re-list in the week commencing 13.05.2024.

(DEEPAK GUGLANI)                                (R.S. NARAYANAN)
   AR-cum-PS                                  ASSISTANT REGISTRAR


** No appearance slip received




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