JUDGMENT

Manmohan, J.:-- (Oral)

CM Appl. 20376/2021 (exemption)

1. Allowed, subject to all just exceptions.

2. Accordingly, the application stands disposed of.

W.P.(C) 6484/2021& CM Appl. 20375/2021

3. Present petition has been heard by way of video conferencing.

4. Present writ petition has been filed challenging the final assessment order dated 30th June, 2021 passed under Section 143(3) read with Sections 144C(3) and 144B of the Income Tax Act, 1961 [‘the Act’] and the demand notice of Rs. 56,76,09,018/- issued under Section 156 of the Act for the Assessment Year 2017-18. Petitioner also seeks directions to the Respondents not to take any action or initiate further proceedings in furtherance of the impugned assessment order and demand notice.

5. Learned counsel for the Petitioner states that vide draft assessment order dated 05th May, 2021 issued under Section 144C(1) of the Act, the total income of the Petitioner was proposed at Rs. 450,02,37,902/-. He points out that under section 144C(2), the Petitioner had thirty days (30 days) to file objections to Dispute Resolution Panel [DRP] against the draft order, i.e. by 04thJune 2021.

6. He emphasises that since the office of Petitioner