In Ita/71/2016 Of M/S Fortune Associates v. The Commissioner Of Income Tax, the High Court (2021) allowed the appeal. The decision went in favour of the assessee.
Decision: Accordingly, the appeal is disposed of as withdrawn.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
Signature Not VerifiedSANDigitally signed by SUSHEEL KUMARJHARIYADate: 2021.03.19 15:29:44 IST
The High Court Of Madhya PradeshITA-71-2016
(M/S FORTUNE ASSOCIATESVs THE COMMISSIONER OF INCOME TAX AND OTHERS)
[19][-][03][-][2021]Jabalpur, Dated :
Mr. Mukesh Agrawal, Advocate for the appellant.
I.A. No.2266/2021- application for withdrawal of the appeal.
Learned counsel appearing for the appellant submits that the matter has
been settled between the parties under the scheme known as Vivad SeVishwas Scheme, therefore, he wants to withdraw the present appeal.
In view of the above, I.A. No.2266/2021 is allowed.
Accordingly, the appeal is disposed of as withdrawn.
(MOHAMMAD RAFIQ)CHIEF JUSTICE
(J. P. GUPTA)JUDGE
sj
This page reproduces a public-domain court order (Section 52(1)(q)(iv), Copyright Act 1957). Explanations are EaseValue's original analysis. Always read the original order.
Disclaimer: General information only — not legal, tax or professional advice, and no advocate/CA–client relationship is created. AI-generated summaries may contain errors and must be verified against the original court order. EaseValue accepts no liability for reliance on this content. Not a solicitation.
Full disclaimer & Terms.