Case Law › High Court › Cwp/3296/2019 Of M/S Sunrise Stock Servi...

Cwp/3296/2019 Of M/S Sunrise Stock Services P. Ltd v. Principal Commissioner Of Income Tax-Iii, Ludhiana And Others

High Court 27 Feb 2020 In favour of: Assessee

Forum / Bench

High Court · phhc

Parties

Date of order

27 Feb 2020

Assessment year(s)

—

Outcome

Allowed

Case summary

In Cwp/3296/2019 Of M/S Sunrise Stock Services P. Ltd v. Principal Commissioner Of Income Tax-Iii, Ludhiana And Others, the High Court (2020) allowed the appeal. The decision went in favour of the assessee.

Decision: The impugned order 1s setaside and the matter 1s remanded back to the Principal Commissioner ofIncome Tax-III, Ludhiana for taking a fresh decision in accordance with law. %Petition stands allowed.

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

The order — as passed by the High Court

205IN THE HIGH COURT OF PUNJAB AND HARYANA|AT CHANDIGARH CWP No.3296 of 2019 (O&M)Date of Decision : 27.02.2020 M/s Sunrise Stock Services P. Ltd. & ors. _.... Petitioners VerTSU Principal Commissioner of Income Tax-IlI,Ludhiana & anr. ...... Respondents CORAM: HON'BLE MR.JUSTICEKE AJAY TEWARIHON'BLE MR. JUSTICAVNEESH JHINGAN /// Present ;Mr. Akshay Bhan, Senior Advocate withMr. Alok Mittal, Advocatefor the petitioners, Mr. Rajesh Katoch, Sr. Standing Counsel with|Ms. Pridhi Jaswinder Sandhu, Advocatefor the respondent. /// AJAY TEWARI, J. (Oral) 1This petition has been filed challenging an order on theground that the case was heard by the predecessor and the order wasannounced by the successor without affording effective opportunity of hearing. )Counsel for the revenue has very fairly stated that in thisview of the matter he would have no objection if the impugned order 1sset aside and the matter 1s remanded back for taking a fresh decision afterhearing the parties. 3Learned counsel for the petitioners has also accepted this andin the circumstances the petition 1s allowed. The impugned order 1s setaside and the matter 1s remanded back to the Principal Commissioner ofIncome Tax-III, Ludhiana for taking a fresh decision in accordance with law. %Petition stands allowed. 5Since the main case has been decided, the pending civilmiscellaneous application, if any, also stands disposed of. (AJAY TEWARI )JUDGE 27.02.2020pooja sharma-lWhether speaking/reasonedWhether Reportable | ( AVNEESH JHINGAN!JUDGE Yes/NoYes/No

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