THE HON’BLE SRI JUSTICE NOOTY RAMAMOHANA RAO COMPANY APPLICATIONS No. 1551 OF 2010 AND 955 OF 2011 COMMON ORDER: Learned Standing Counsel for Income Tax Department, Sri B. Narasimha Sharma, appeared in the matter pursuant to the notice issued on 17.08.2011 in Company Application No. 955 of 2011 and after an appropriate consultation with the officers of the Income Tax Department, the Income Tax Officer (CIB)-5, Office of the Director of Income Tax (CIB), Hyderabad has communicated his decision on 27.09.2011 pointing out that the Official Liquidators/Advocate- Commissioners need not obtain any PAN in respect of the affairs of the company under liquidation and hence, the order communicated by him earlier which gave rise to these Applications can be ignored. It is further pointed out in that communication that no further action in terms of Section 139A (5) of the Income Tax Act, 1961 would be attracted, to the transactions carried out by the learned Advocate-Commissioners on behalf of the company under liquidation. In view of this, no further orders are needed to be passed, except acknowledging the good work done by the learned Standing Counsel. Both the Company Applications are therefore, disposed of. No costs. ---------------------------------- (NOOTY RAMAMOHANA RAO, J) 28th September 2011 ksld