Wp/25336/2023 Of M/S Ambika Bullion Trading Pvt Ltd v. Principal Commissioner Of Income Tax

Digitally signedby SHWETHARAGHAVENDRALocation: HIGHCOURT OFKARNATAKA IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 31 DAY OF DECEMBER, 2024 BEFORE THE HON'BLE MR JUSTICE SURAJ GOVINDARAJ -WRIT PETITION NO. 25336 OF 2023 (TIT) BETWEEN: M/S AMBIKA BULLION TRADING PVT., LTD., (COMPANY ENGAGED IN THE BUSINESS OF BULLION TRADING) HAVING ITS REGD. OFFICE AT NO.1, MDP MARKET, BETTAPPA LANE C.T. STREET CROSS, BENGALURU-560002 PAN: REPRESENTED BY ITS MANAGING DIRECTOR RAMESH KOTHARI S/O MANIK CHAND.H AGED ABOUT 53 YEARS …PETITIONER (BY SRI. BALRAM R.RAO., ADVOCATE) AND: 1. PRINCIPAL COMMISSIONER OF INCOME TAX BENGALURU-1, HAVING ITS OFFICE AT BMTC BUILDING, 80 FEET ROAD 6 BLOCK, KORAMANGALA BENGALURU-560095 2.INCOME TAX OFFICER WARD 1(1)(2) HAVING ITS OFFICE AT BMTC BUILDING, 80 FEET ROAD 6 BLOCK, KORAMANGALA BENGALURU-560 095 …RESPONDENTS (BY SRI.TIRUMALESH., ADVOCATE FOR SRI.M.DILIP., ADVOCATE) THIS WRIT PETITION IS FILED UNDER ARTICLES 226 AND 227 OF CONSTITUTION OF INDIA, PRAYING TO ISSUE A WRIT OF CERTIORARI OR A WRIT IN THE NATURE OF CERTIORARI OR ANY OTHER APPROPRIATE WIRT, ORDER OR DIRECTION UNDER ARTICLE 226 OF THE CONSTITUTION OF INDIA CALLING FOR THE RECORDS OF THE PETITIONERS CASE AND AFTER EXAMINING THE LEGALITY AND VALIDITY THEREOF BE PLEASED TO QUASH AND SET ASIDE THE IMPUGNED ORDER PASSED UNDER SECTION 154 R.W.S. 143(3) OF THE ACT DATED 30.03.2023 IN DIN & ORDER NO. ITBA/REC/S/154_1/2022-23/1051648913(1) (ANNEXURE-Q) AS WELL AS NOTICE OF DEMAND ISSUED UNDER SECTION 156 OF THE ACT IN DIN AND NOTICE NO.ITBA/REC/S/156.1/2022-23/1051649496(1) (ANNEXURE-Q1) PASSED BY THE RESPONDENT FOR THE ASSESSMENT YEAR 2015-16 AND ETC. THIS WRIT PETITION, COMING ON FOR ORDERS, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: CORAM: HON'BLE MR JUSTICE SURAJ GOVINDARAJ ORAL ORDER 1.Sri.Tirumalesh., learned counsel is directed to accept notice for respondents No.1 and 2. 2. Learned counsel for the petitioner seeks permission to withdraw the above petition, with liberty to approach the respondent under the “Vivad se Vishwas Scheme”. approach the respondent under the “Vivad se Vishwas Scheme”. 3. Reserving such liberty, the petition stands disposed of. SR/List No.: 3 Sl No.: 15 Sd/- (SURAJ GOVINDARAJ) JUDGE