Intimate Fashions (India) Pvt Ltd v. The Joint Commissioner Of Income Tax

IN THE HIGH COURT OF JUDICATURE AT MADRAS

DATED : 28.02.2020 CORAM :

THE HONOURABLE MR.JUSTICE N.KIRUBAKARAN AND THE HONOURABLE MR.JUSTICE P.VELMURUGAN and C.M.P.No.5021 of 2020 Intimate Fashions (India) Pvt. Ltd., 517-519, Tiruppur - Kottamedu High Road, Nandhivaram Village, Guduvancheri - 603 202.

... Applicant Vs The Joint Commissioner of Income Tax, Corporate Circle - 2 (2), Chennai.

... Respondent PRAYER : Review Application filed under Section 114 of Civil Procedure Code read with Order XLVIII Rule 1 of Civil Procedure Code to review the Order dated 10.01.2020 passed in T.C.A.No.17 of 2020 on the file of this Court. For Applicant : Mr.Srinath Sridevan For Respondent : Mr.Karthick Ranganathan, Senior Standing Counsel.

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O R D E R

(Order of the court was made by N.KIRUBAKARAN.J.,) This Review Application has been filed to review the Order passed by this Court on 10.01.2020 in T.C.A.No.17 of 2020 wherein this Court had directed the applicant / appellant to pay a sum of Rs.25 Lakhs within a period of four weeks from the date of receipt of the copy of this Order and that on such payment, there will be an order of stay till the disposal of the appeal. 2.Heard Mr.Srinath Sridevan, learned Counsel for the applicant and Mr.Karthick Ranganathan, learned Senior Standing Counsel for the respondent. 3.Mr.Srinath Sridevan, learned Counsel for the applicant would submit that total amount demanded is Rs.1,98,90,582/-,in which the major portion is interest. Further, out of base tax amount of Rs.82,41,859/-, the appellant has already paid a sum of Rs.75 Lakhs. The balance amount which has to be paid is only interest. Therefore, he seeks to review the Judgment passed by this Court. 2/4

4.However, this Court is not inclined to review the order and this application is dismissed. No costs. Consequently, connected miscellaneous petition is closed. It is made clear that the condition imposed by this Court was based on the peculiar facts and circumstances of this case.

(N.K.K.,J.) (P.V.,J.) 28.02.2020 ay Index: Yes/No Internet: Yes/No 3/4

N.KIRUBAKARAN, J.

AND P.VELMURUGAN, J.

ay and C.M.P.No.5021 of 2020 Dated:28.02.2020 4/4