Petitione v. Commissioner Of Income Tax And Another

IN THE PUNJAB AND HARYANA HIGH COURT ATHANDIGARH CWP No. 12374 of 2000Date of Decision: February 24, 2020Punjab State Federation of Cooperative House Building Society _ Petitione Versus Commissioner of Income Tax and another ..Respondents CORAM:HON'BLE MR. JUSTICE AJAY TEWARIHON'BLE MR. JUSTICE AVNEESH JHINGAN Present:Ms. Nimrata Shergill, Advocatefor the petitioner. Ms. Urvasni Dnugga, Advocatefor respondent No.1. Mr. Anuj Raura, Advocatefor respondent No.2.""" AJAY TEWARI, J. (Oral) .(By this petition, the petitioner has challenged the actionof respondent No.2 in demanding interest tax on the repaymenttowards loan, which had been made by the petitioner to members offederation. 2.It has transpired that during this time due to interimorder of this Court, the amount which was deducted towards interestnad been credited towards repayment of the loan on its part. TheRevenue has raised that it has never raised the demand of interesttax from respondent No.2, who otherwise was responsible to pay thesame. In any case, the matter even qua respondent No.2 is nowtime barred. CWP No. 123/74 of 200-2-1(Consequently, the writ petition nas been rendered infructuous and is disposed of accordingly. 4Since the main case has been decided, the pending application, if any, also stands disposed of. (AJAY TEWARI)JUDGE. 24.02.2020Atul (AVNEESH JHINGAN) (AVNEESH JHINGAN) (AVNEESH JHINGAN) (AVNEESH JHINGAN) JUDGE JUDGE JUDGE JUDGE Whether speaking/ reasonedWhether reportable 'Yes/No'Yes/No