Raja & Company Overseas Pvt. Ltd v. Principal Commissioner Of Income

IN THE HIGH COURT OF PUNJAB AND HARYANA ATCHANDIGARH CWP No. 27686 of 2019 (O&M) Date of Decision: 24.10.2019 Raja & Company Overseas Pvt. Ltd. .......Petitioner Vs. Principal Commissioner of Income.......RespondentTax, Amritsar and others CORAM: HON’BLE MR. JUSTICE AJAY TEWARIHON'BLE MR. JUSTICE HARNARESH SINGH GILL Present:Ms. Radhika Suri, Senior Advocate with Mr. M.S.Kanda, Advocatefor the petitioner. Mr. Vivek Sethi, Senior Standing Counsel with Mr. Varun Issar, Junior Standing Counselfor the respondents-revenue. ***** AJAY TEWARI, J. (ORAL) 1.This petition is filed under Section 226 of the Constitution of India seeking a writ in the nature of certiorari for quashing of Panchnama dated 6.4.2018 (Annexure P-2). 2.At the outset, learned counsel for the Revenue states that he has been informed that in case the petitioner is ready to give a bank guarantee, in accordance with instructions dated 21.1.2019, the seized material would be released forthwith. 2.Learned senior counsel for the petitioner states that the bank guarantee will be furnished by Wednesday. 3.Learned counsel for the respondents states that in that event the CWP No. 27686 of 2019 (O&M) seized material would also be released on that very day. 4.In view of the above, the petition stands disposed of. (AJAY TEWARI) JUDGE (HARNARESH SINGH GILL) October 24, 2019 JUDGE GurpreetWhether speaking /reasoned : YesWhether Reportable : No