In M/S Hero Cycles Ltd v. Commissioner Of Income Tax, Ludhiana And Another, the High Court (2020) allowed the appeal. The decision went in favour of the assessee.
Decision: In view of above, application is allowed and the appeal is dismissed as withdrawn.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH
104
CM-19694-C 11-2020 I[TA-328-2009
Date of Decision: 22.12.2020
M/s Hero Cycles Ltd.
Versus
...Appellant.
Commissioner of Income Tax, Ludhiana and another
...Respondents
CORAM:- HON'BLE MR. JUSTICE RAJAN GUPTAHON'BLE MR. JUSTICE KARAMJIT SINGH.
PRESENT: MrAlok Mittal, Advocate for the applicant-appellant,
Mr. Rajesh Katoch, Advocate for the respondents.
RAJAN GUPTA, J. (Oral)
Case has been heard through Video Conferencing on account of
COVID-19 Pandemic.
This is an application moved by the appellant for withdrawal of
instant appeal. Application is supported by the affidavit of Shashi Kant Rai,
Prayer for withdrawal is not opposed by learned counsel representing therespondents.
In view of above, application is allowed and the appeal is
dismissed as withdrawn.
(RAJAN GUPTA)JUDGE
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