M/S Shreshth Colonizers Pvt. Ltd. & Others v. Deputy Commissioner Of Income Tax, Central Circle-I], Chandigarh
High Court
15 Dec 2022 In favour of: Assessee
Forum / Bench
High Court · phhc
Parties
M/S Shreshth Colonizers Pvt. Ltd. & Others v. Deputy Commissioner Of Income Tax, Central Circle-I], Chandigarh
Date of order
15 Dec 2022
Assessment year(s)
—
Outcome
Allowed
Case summary
In M/S Shreshth Colonizers Pvt. Ltd. & Others v. Deputy Commissioner Of Income Tax, Central Circle-I], Chandigarh, the High Court (2022) allowed the appeal. The decision went in favour of the assessee.
Decision: Accordingly, the present petition is hereby dismissed as withdrawnwith the aforesaid liberty to the petitioners.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
The order — as passed by the High Court
IN THE HIGH COURT OF PUNJAB AND HARYANA.AT CHANDIGARH
201
CRM-M-27735 of 2018(0&M)Date of Decision:-15.12.2022
M/s Shreshth Colonizers Pvt. Ltd. & others
__ Petitioners
Versus
Deputy Commissioner of Income Tax, Central Circle-I], Chandigarh
... Respondent
CORAM:HON'BLE MR. JUSTICE KARAMJIT SINGH
Present: Mr. Raj Shekhar, Advocate and|Mr. Rohit Kaura, AdvocateMr. Rohit Kaura, Advocate
for the petitioners.
Dr. Sukant Gupta, Sr. Advocate and|Ms. Aditya Mehtam, Jr. standing counseltor Income-tax for respondent,
KARAMJIIT SINGiJ(Oral)
Learned counsel for the respondent made statement that he has receivedcommunication from the Revenue Department about its communication toearlier counsel Mr. Virender Issar standing counsel that the Department haswithdrawn the prosecution launched under Section 276(c) and 276(cc) ofIncome Tax Act, 1961 in the present case and the copy of the concernedcommunication is Mark -A. The senior standing counsel further submits that inview of the above, nothing survives to be adjudicated in the present petition.
Learned counsel appearing on behalf of the petitioners madeStatement that in light of the aforesaid statement made by the senior standingcounsel of respondent, he be allowed to withdraw the present petition withliberty to revive the same, if in future, cause of action still survives.
Accordingly, the present petition is hereby dismissed as withdrawnwith the aforesaid liberty to the petitioners.
15.12.2022joyti
(KARAMJIT SINGH)
JUDGE
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