Alok Industries Limited vs Assistant Commissioner Of Income Tax, ... on 1 August, 2022
1. Without going into the details and facts in all three petitions
listed today, we find all these petitions will be covered by the
judgment of this Court in Alok Industries Limited v. Assistant
Commissioner of Income Tax1. Mr. Sen and Mr. Suresh Kumar
agreed. Mr. Suresh Kumar at the same time states that Revenue's
doors should not be closed and they must be permitted to take such
steps as advised against the ex-promoters because the purpose of
passing the orders or issuance of notices under Sections
148A/143C/143(3)/148 of the Income Tax Act, 1961 were only to