In R.p. Basia & Co v. Income Tax Officer Ward 34(1) Delhi, the High Court (2024) decided the matter.
Decision: 2.We accordingly, allow the instant petition and set aside the impugned notices dated 29 June 2021, 21 May 2022 and 29 June 2022 with liberty in terms as recorded in Twylight Infrastructure being kept open.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
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* IN THE HIGH COURT OF DELHI AT NEW DELHI
+ W.P.(C) 411/2023
R.P. BASIA & CO. ..... Petitioner Through: Mr. Kapil Goel, Adv. versus
INCOME TAX OFFICER WARD 34(1) DELHI
..... Respondent
Through: Mr. Sanjay Kumar, SSC with Ms. Easha Kadian and Ms. Hemlata Rawat, Advs.
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CORAM:HON'BLE MR. JUSTICE YASHWANT VARMAHON'BLE MR. JUSTICE PURUSHAINDRA KUMAR KAURAV
O R D E R08.02.2024
1.Learned counsels for parties are ad idem that the challenges in this writ petition stand concluded in favour of the assessee in light of the judgment rendered in Twylight Infrastructure (P) Ltd. v. CIT[2024 SCC OnLine Del 330].
2.We accordingly, allow the instant petition and set aside the impugned notices dated 29 June 2021, 21 May 2022 and 29 June 2022 with liberty in terms as recorded in Twylight Infrastructure being kept open.
YASHWANT VARMA, J.
PURUSHAINDRA KUMAR KAURAV, J.FEBRUARY 8, 2024/p
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