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IN THE HIGH COURT OF DELHI AT NEW DELHI

%

Judgment delivered on: 09.08.2023

+

W.P.(C) 4876/2017 & CM APPL. 21131/2017

PR DIRECTOR GENERAL OF INCOME TAX

(ADMN & TPS)

..... Petitioner

Versus

M/S THE INDIAN PLYWOOD MFG. CO.

PVT. LTD. & ANR.

..... Respondents

Advocates who appeared in this case:

For the Petitioner

: Mr. Shlok Chandra, Sr. Standing Counsel,

Ms. Priya Sarkar, Jr. Standing Counsel with

Mr. Keshav Garg, Advocate.

For the Respondents

: Mr. Anunaya Mehta and Mr. Vinayak

Thakur, Advocates.

CORAM

HON’BLE MR JUSTICE VIBHU BAKHRU

HON’BLE MR JUSTICE AMIT MAHAJAN

JUDGMENT

VIBHU BAKHRU, J

Introduction

1.

The Principal Director General of Income Tax (Admn. & TPS)

[hereafter‘DGIT’] has filed the present petition impugning an order

dated 01.07.2016 (hereafter ‘impugned order’) passed by the Board

Digitally Signed

By:DUSHYANT

RAWAL

Signing Date:10.08.2023

Signature Not Verified

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for Industrial and Financial Reconstruction (hereafter ‘BIFR’) in

Case No.53/1995 relating to respondent no.1 – M/s The Indian Plywood

Mfg. Co. Pvt. Ltd. (hereafter ‘the Company’).

2.

In t