Case LawHigh Court › Commissioner Of Income Tax-I, Ludhiana v...

Commissioner Of Income Tax-I, Ludhiana v. M/S Hero Cycles Ltd., Ludhiana

High Court 01 Jul 2021 In favour of: Revenue
Forum / Bench
High Court · phhc
Parties
Commissioner Of Income Tax-I, Ludhiana v. M/S Hero Cycles Ltd., Ludhiana
Date of order
01 Jul 2021
Assessment year(s)
Outcome
Allowed

Case summary

In Commissioner Of Income Tax-I, Ludhiana v. M/S Hero Cycles Ltd., Ludhiana, the High Court (2021) allowed the appeal. The decision went in favour of the Revenue.

Decision: ITA3502004 The present appeal stands dismissed as withdrawn with libertyaforesaid.

Summary auto-generated from the order below — read the full judgment for the complete reasoning.

The order — as passed by the High Court

CM4693CI]2021 and CM4694CI]2021 in/andITA3502004 (O&M) -|- 1O1L- IN THE HIGH COURT OF PUNJAB AND HARYANA ATCHANDIGARH CM-4693-CI[-2021 andCM-4694-CI[-2021 in/andITA-350-2004 (O&M)Date of decision : 01.07.2021 Commissioner of Income Tax-I, Ludhiana ...Appellant Versus M/s Hero Cycles Ltd., Ludhiana ...Respondent CORAM: HON'BLE MR. JUSTICE AJAY TEWARIHON'BLE MR. JUSTICE VIKAS BAHL Present:Mr. Vaibhav Gupta, Advocate and Mr. Sandeep Goyal, Advocate for the applicant-respondent. (Through Video Conferencing) 6666 AJAY TEWARI, J. (ORAL) CMF"#$%;CI]F202 This is an application for placing on record Form-3 asAnnexure A-4. For the reasons recorded in the application, the same isallowed. Form-3 (Annexure A-4) is taken on record. CMF"#$";CllF2021 This is an application for withdrawal of the appeal in view ofthe fact that the respondent has opted for Direct Tax Vivad Se VishwasScheme with further liberty to revive the same in case the settlement does CM4693CI]2021 and CM4694CI]2021 in/andITA3502004 (O&M) -)- not operationalized. Application is allowed and the main appeal is taken up on Board today itself. ITA3502004 The present appeal stands dismissed as withdrawn with libertyaforesaid. Since the main case has been dismissed as withdrawn, thepending Civil Miscellaneous Application, if any, also stands dismissed aswithdrawn. (AJAY TEWARI)JUDGE 01.07.2021Pawan (VIKAS BAHL)JUDGEH Whether speaking/reasoned:- Yes/No Whether reportable:- Yes/No
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