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Delhi High Court - Orders

Alankit Technologies Limited (After ... vs Income Tax Officer Ward 8(1) Delhi & Anr on 1 March, 2024

Author: Yashwant Varma

Bench: Yashwant Varma, Purushaindra Kumar Kaurav

                             $~62 to 64
                             *     IN THE HIGH COURT OF DELHI AT NEW DELHI

                             +         W.P.(C) 3145/2024
                                       ALANKIT TECHNOLOGIES LIMITED (AFTER MERGER
                                       OF EURO GLOBAL BROKERS LIMITED) ..... Petitioner
                                                        Through: Mr. SumitLalchandani, Mr.
                                                                 Salil Kapoor, Mr. Shivam
                                                                 Yadav, Mr. Amandeep Mehta,
                                                                 Mr,   TarunChanana&   Ms.
                                                                 Ananya Kapoor, Advs.

                                                                            versus

                                       INCOME TAX OFFICER WARD 8(1)
                                       DELHI & ANR.                      ..... Respondents
                                                    Through: Mr. Sanjay Kumar, Ms. Easha&
                                                             Ms. Hemlata Rawat, Advs.
                             63
                             +         W.P.(C) 3146/2024
                                       ALANKIT TECHNOLOGIES LIMITED (AFTER MERGER
                                       OF EURO GLOBAL BROKERS LIMITED) ..... Petitioner
                                                        Through: Mr. SumitLalchandani, Mr.
                                                                 Salil Kapoor, Mr. Shivam
                                                                 Yadav, Mr. Amandeep Mehta,
                                                                 Mr,   TarunChanana&    Ms.
                                                                 Ananya Kapoor, Advs.

                                                                            versus

                                       INCOME TAX OFFICER WARD 8(1)
                                       DELHI & ANR.                      ..... Respondents
                                                    Through: Mr. Sanjay Kumar, Ms. Easha&
                                                             Ms. Hemlata Rawat, Advs.
                             64
                             +         W.P.(C) 3147/2024
                                       ALANKIT TECHNOLOGIES LIMITED (AFTER MERGER
                                       OF EURO GLOBAL BROKERS LIMITED) ..... Petitioner
                                                        Through: Mr. SumitLalchandani, Mr.
                                                                 Salil Kapoor, Mr. Shivam
                                                                 Yadav, Mr. Amandeep Mehta,


This is a digitally signed order.
The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above.
The Order is downloaded from the DHC Server on 15/03/2024 at 21:38:06
                                                                                                      Mr,   TarunChanana&    Ms.
                                                                                                     Ananya Kapoor, Advs.

                                                                            versus

                                       INCOME TAX OFFICER WARD 8(1)
                                       DELHI & ANR.                      ..... Respondents
                                                    Through: Mr. Sanjay Kumar, Ms. Easha&
                                                             Ms. Hemlata Rawat, Advs.

                                       CORAM:
                                       HON'BLE MR. JUSTICE YASHWANT VARMA
                                       HON'BLE MR. JUSTICE PURUSHAINDRA KUMAR
                                       KAURAV
                                                    ORDER

% 01.03.2024 CM APPL. 12874/2024 (Ex.) in W.P.(C) 3145/2024 CM APPL. 12887/2024 (Ex.) in W.P.(C) 3146/2024 CM APPL. 12891/2024 (Ex.) in W.P.(C) 3147/2024

1. Allowed, subject to all just exceptions.

2. Applications are disposed of.

W.P.(C) 3145/2024&CM APPL. 12873/2024 (Stay) W.P.(C) 3146/2024&CM APPL. 12886/2024 (Stay) W.P.(C) 3147/2024 &CM APPL. 12890/2024 (Stay)

3. These writ petitions have been preferred against the impugned notices dated 18 May 2022 issued under Section 153C of the Income Tax Act, 1961 ["Act"] for Assessment Years ["AYs"] 2010-11 [W.P.(C) 3146/2024], 2011-12 [W.P.(C) 3147/2024], 2012-13 [W.P.(C) 3145/2024] and all consequential proceedings.

4. Notice. Since the respondents are duly represented, let a reply be filed within a period of three weeks from today. The petitioner shall have two weeks therefrom to file a rejoinder affidavit.

5. Prima facie and for the consideration of grant of interim This is a digitally signed order.

The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 15/03/2024 at 21:38:06 protection, we take note of the submission of learned counsel for the petitioner who contends that undisputedly the notice under Section 153C is dated 18 May 2022. It is in the aforesaid backdrop that it is argued that the period of ten years when computed in accordance with the First Proviso to Section 153C(1) of the Act read with Explanation 1 to Section 153A(1) of the Act would not cover the aforenoted AYs. Matter requires consideration.

6. It is thus provided that while it shall be open for the respondents to proceed further with the impugned notices, any orders adverse to the writ petitioner, if passed, shall not be given effect to till the next date of listing.

7. Let the matters be called again on 15.05.2024.

YASHWANT VARMA, J.

PURUSHAINDRA KUMAR KAURAV, J MARCH 01, 2024/RW This is a digitally signed order.

The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 15/03/2024 at 21:38:07