M/S Shreshth Colonizers Pvt. Ltd. & Others v. Deputy Commissioner Of Income Tax, Central Circle-I], Chandigarh

IN THE HIGH COURT OF PUNJAB AND HARYANA.AT CHANDIGARH 201 CRM-M-27649 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 hasreceived communication from the Revenue Department about itscommunication to earlier counsel Mr. Virender Issar standing counsel that theDepartment has withdrawn the prosecution launched under Section 276(c) and2/6 (cc) of Income Tax Act, 1961 in the present case and the copy of theconcerned communication is Mark -A. The senior standing counsel furthersubmits that in view of the above, nothing survives to be adjudicated in thepresent 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