In Parixit Industries Ltd v. Asstt. Commissioner Of Income Tax, the High Court (2020) allowed the appeal. The decision went in favour of the assessee.
Decision: Accordingly this application isallowed and the appeal consequentially is dismissed aswithdrawn.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
IN THE HIGH COURT OF GUJARAT AT AHMEDABADR/TAX APPEAL NO. 833 of 2013
With
CIVIL APPLICATION (FOR WITHDRAWAL OF MATTER) NO. 1 of 2020 In R/TAX APPEAL NO. 833 of 2013
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PARIXIT INDUSTRIES LTD Versus
ASSTT. COMMISSIONER OF INCOME TAX
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Appearance:MR MANISH J SHAH(1320) for the Appellant(s) No. 1MR NITIN K MEHTA(3286) for the Opponent(s) No. 1
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CORAM: HONOURABLE THE CHIEF JUSTICE MR. VIKRAM NATHandHONOURABLE MR. JUSTICE J.B.PARDIWALA
Date : 04/12/2020
ORAL ORDER
(PER : HONOURABLE THE CHIEF JUSTICE MR. VIKRAM NATH)
Mrs. Mauna Bhatt, the learned Senior StandingCounsel for the Revenue for and on behalf of Mr. Manish J.Shah, the learned counsel for the applicant states uponinstructions that this application for withdrawal may beallowed and the Company’s appeal may be dismissed as theappellant has already approached under the Direct TaxVivad Se Vishwas Act, 2020 and wants to avail the benefitunder the said Scheme. Accordingly this application isallowed and the appeal consequentially is dismissed aswithdrawn.
(VIKRAM NATH, CJ)
(J. B. PARDIWALA, J)
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