Punjab State Co-Operative Supply & Marketing Federation Ltd v. Chief Commissioner Of Income-Tax And Another

IN THE HIGH COURT OF PUNJAB & HARYANA AT CHANDIGARH CM-2008-2017 in/and CWP-10670-2006 Date of decision: 16.02.2017 Punjab State Co-operative Supply & Marketing Federation Ltd. ..... Petitioner Versus Chief Commissioner of Income-tax and another ..... Respondents CORAM:HON'BLE MR. JUSTICE AJAY KUMAR MITTALHON'BLE MR. JUSTICE RAMENDRA JAINHON'BLE MR. JUSTICE RAMENDRA JAIN PRESENT: Mr. Sanjay Bansal, Senior Advocate with Mr. BM Monga and Mr. Amit Parsad, Advocatesfor the petitioner.Mr. BM Monga and Mr. Amit Parsad, Advocatesfor the petitioner. AJAY KUMAR MITTAL, J. (ORAL) CM-2008-2017 This is an application under Rule 32 of the writ jurisdiction(Punjab & Haryana) Rules, 1976 read with Section 151 CPC for placing onrecord the subsequent events including the orders Annexures P-9 and P-10. Notice of the application to learned counsel for the non-applicant/respondents. At the asking of Court Ms. Urvashi Dhugga, Advocate acceptsnotice on behalf of non-applicant/respondents. After hearing learned counsel for the parties, the application isallowed. The copies of orders Annexures P-9 and P-10 filed along with theapplication are taken on record, subject to all just exceptions. Rishu Kataria2017.02.20 10:22I attest to the accuracy andauthenticity of this document CM-2008-2017 in/and CWP-10670-2006 CWP-10670-2006 At the joint request of learned counsel for the parties, the mainwrit petition is taken up for hearing today itself. Learned counsel for the petitioner submitted that in view of thesubsequent development whereby the income of the petitioner-assessee hasbeen assessed at NIL figure, therefore, the question with regard to levy ofinterest under of Section 234B of the Income Tax Act, 1961 has beenrendered academic. In view thereof, learned counsel submitted that he maybe allowed to withdraw this petition. Learned counsel for the respondents has no objection to thewithdrawal of petition. Ordered accordingly. ( AJAY KUMAR MITTAL ) JUDGE February 16, 2017 February 16, 2017 ( RAMENDRA JAIN )rishu JUDGE Whether speaking/reasoned Whether Reportable Yes/NoYes/No