Dossier of Rs. 1 Crore and Above - Quarter Ending - December - 2019

Dossier of Rs. 1 Crore and above – Quarter Ending - December – 2019.
Name : M/s. Sai Prasad Food Corporation Ltd

A. Y. : 2013-14 , 2014-15 and 2015-16
Total Demand outstanding at the : Rs.14,62,58,494/-
beginning of the quarter
Cash Collection during the quarter : Rs.Nil.
TRO’s Comments :
In this case, the I.T.C.P.-1 was served by affixture on 15/01/2018 as the office
premises were closed. On the basis of information available in daily newspaper that
the SEBI has requested the MPID Court, Mumbai to dispose-off the properties of the
assessee and distribute the proceeds among the investors .
2. Further, Prosecution proceedings have been launched u/s.276B r.w.s.278B of

the Income Tax Act, 1961. The Miscellaneous Application filed vide MA
No.1591/2017 before the MPID court has been rejected vide Order dated 20-04-2019,
of Special Judge, M.P.I.D. Act & Addl. Sessions Judge, City Civil & Sessions Court,
Mumbai) conveying to refer the matter to High Court.
3. In this connection, letter was written to the DCIT, TDS, Pune on 22-08-2019 to
discuss the matter with the departmental counsel of High Court, Bombay. In
response to this the AO sought legal opinion from Advocate Sham Walve. In this
matter, further progress/compliance is awaited form the AO.
there is no further progress as stated by the AO.

the said reply in this matter is awaited.
Further outcome/progress shall be reported in the next quarter.
(Leena S. Gunda )
Date: 01.01.2020. Tax Recovery Officer (TDS),
Pune
Dossier of Rs. 1 Crore and above – Quarter Ending - June – 2019.

A. Y. : 2013-14 , 2014-15 and 2015-16
Total Demand outstanding at the : Rs.14,62,58,494/-
Cash Collection during the quarter : Rs.Nil.
TRO’s Comments :
Further, Prosecution proceedings have been launched u/s.276B r.w.s.278B of the

Income Tax Act, 1961. The department filed the Miscellaneous Application vide MA
No.1591/2017 before the MPID court which came up for hearing on 27/04/2018. The
Counsel vide his e-mail dated 01-06-2019 (attaching copy of order copy of Order
dated 20-04-2019, of Special Judge, M.P.ID. Act & Addl. Sessions Judge, City Civil &
Sessions Court, Mumbai) conveyed that “The Hon’ble court was pleased to reject the
application we will have to refer the matter to High Court Advocate.”
The content in Para 5 of the above order reads as under : -
“Applicant can recover their dues from the personal properties of respondent
nos.2 to 4. As per section 14 of the MPID Act, its provisions prevail over the
provisions of Income Tax Act. Under the facts and circumstances of the case,
application is not tenable at this stage”.
Further, as a new incumbent TRO, courtesy letters to pay outstanding demand is

issued.
(Leena S. Gunda )
Date: 11.07.2019 Tax Recovery Officer (TDS),
Pune
Dossier of Rs. 1 Crore and above – Quarter Ending June – 2018

A. Y. : 2013-14 , 2014-15 and 2015-16
Total Demand outstanding at the : Rs. 14,62,58,494/-
Cash Collection during the quarter : Rs. Nil.
TRO’s Comments:
In this case , The I.T.C.P.-1 was served by affixture on 15/01/2018 as the

office premises was closed . On the basis of information available in daily
newspaper that the SEBI has requested the MPID Court ,Mumbai to dispose off the
properties of the assessee and distribute the proceeds among the investors . The
department filed the Miscellaneous Application vide MA No. 1591/2017 before the
MPID court was came up for hearing on 27/04/2018. The Counsel reported that the
case adjourned to 30/07/2018 .
Further outcome/progress shall be reported in the next quarter
(Prafullata Shinde )
Date: 04-07-2018 Tax Recovery Officer (TDS),
Pune
Dossier of Rs. 1 Crore and above – Quarter Ending September – 2018
A. Y. : 2013-14 , 2014-15 and 2015-16
TRO’s Comments:
In this case , The I.T.C.P.-1 was served by affixture on 15/01/2018 as the

office premises was closed . On the basis of information available in daily
newspaper that the SEBI has requested the MPID Court, Mumbai to dispose-off the
properties of the assessee and distribute the proceeds among the investors . The
department filed the Miscellaneous Application vide MA No. 1591/2017 before the
MPID court was came up for hearing on 27/04/2018. The Counsel reported that the
case adjourned to 30/07/2018. On 30/07/2018 the case is again adjourned to
05/10/2018.
Further outcome/progress shall be reported in the next quarter
Date: 01/102018 Tax Recovery Officer (TDS),
Pune
Dossier of Rs. 1 Crore and above – Quarter Ending December – 2018
A. Y. : 2013-14 , 2014-15 and 2015-16
TRO’s Comments:
In this case , The I.T.C.P.-1 was served by affixture on 15/01/2018 as the office
premises was closed . On the basis of information available in daily newspaper that
Further, Prosecution proceedings have been launched u/s 276B r.w.s. 278B of the
No. 1591/2017 before the MPID court was came up for hearing on 27/04/2018. The
Counsel reported that the case adjourned to 17/12/2018. On 17/12/2018 the case is
again adjourned to 25/01/2019.
Date: 01/01/2019 Tax Recovery Officer (TDS),
Pune
Dossier of Rs. 1 Crore and above – Quarter Ending March – 2019
A. Y. : 2013-14 , 2014-15 and 2015-16
TRO’s Comments:
Further, Prosecution proceedings have been launched u/s 276B r.w.s. 278B of the
No. 1591/2017 before the MPID court was came up for hearing on 27/04/2018. The
Counsel reported that the case adjourned to 25/01/2019. Now, the case is again
adjourned to 04/04/2019.
Date: 01/04/2019 Tax Recovery Officer (TDS),
Pune

Dossier of Rs. 1 Crore and Above - Quarter Ending - December - 2019

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Dossier of Rs. 1 Crore and above – Quarter Ending - December – 2019.

Name : M/s. Sai Prasad Food Corporation Ltd

2. Further, Prosecution proceedings have been launched u/s.276B r.w.s.278B of

there is no further progress as stated by the AO.

Further outcome/progress shall be reported in the next quarter.

Name : M/s. Sai Prasad Food Corporation Ltd

Further, Prosecution proceedings have been launched u/s.276B r.w.s.278B of the

The content in Para 5 of the above order reads as under : -

Further, as a new incumbent TRO, courtesy letters to pay outstanding demand is

Further outcome/progress shall be reported in the next quarter.

Dossier of Rs. 1 Crore and above – Quarter Ending June – 2018

In this case , The I.T.C.P.-1 was served by affixture on 15/01/2018 as the

In this case , The I.T.C.P.-1 was served by affixture on 15/01/2018 as the

Further outcome/progress shall be reported in the next quarter.

Further outcome/progress shall be reported in the next quarter.

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