Rajiv Laxmandas Nagpal v. The Principal Commissioner Of Income Tax Pune 4

Digitally signed by MEERA MAHESH JADHAV Date:

2024.05.10 17:53:57 +0530 MEERA MAHESH JADHAV 1/2 957-wp-5759&5760-24.doc

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

CIVIL APPELLATE JURISDICTION WRIT PETITION NO. 5759 OF 2024 Rajiv Laxmandas Nagpal

...Petitioner

Versus

The Principal Commissioner of Income Tax Pune & Ors.

...Respondents

WITH WRIT PETITION NO. 5760 OF 2024 Dhanraj Radhakisandas Nagpal

...Petitioner

Versus

The Principal Commissioner of Income Tax Pune & Ors.

...Respondents

---- Mr. Ruturaj Gurjar for Petitioners.

Mr. Akhileshwar Sharma for Respondents-Revenue. ---- CORAM : K. R. SHRIRAM & Dr. NEELA GOKHALE, JJ.

DATED : 10th MAY 2024 P.C. :

Mr. Sharma undertakes to file vakalatnama within two weeks from today. Undertaking accepted.

Affidavit in reply to be filed and copy served by 15th June 2024. Rejoinder, if any, to be filed and copy served by 29th June 2024. Stand over to 8th July 2024.

Until 31st July 2024, prayer clause (c) shall operate and the same reads as under:

"(c) Pending the hearing and final disposal of this Petition, the Respondents be restrained from taking any further Meera Jadhav

2/2 957-wp-5759&5760-24.doc steps of whatsoever nature pursuant to or in furtherance of the erroneous substitution of the cost of acquisition as on 01.04.1981 claimed by the Petitioner of Rs 28,49,650/- with Rs 20,90,000/- vide the assessment order for AY 2007-08, including restraining the Respondents from taking any coercive steps for enforcing recovery of any demand/s arising as a consequence of the said substitution."

(Dr. NEELA GOKHALE, J.) (K. R. SHRIRAM, J.) Meera Jadhav