In Wp/93/2020 Of Prakash Cotton Mills Pvt Ltd v. Assistant Commissioner Of Income Tax, Central Circle 7(3)(2) And 2 Ors, the High Court (2022) dismissed the appeal. The decision went in favour of the Revenue.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
IN THE HIGH COURT OF JUDICATURE AT BOMBAYORDINARY ORIGINAL CIVIL JURISDICTIONWRIT PETITION NO.93 OF 2020
Prakash Cotton Mills Pvt Ltd.
V/s.
Assistant Commissioner of IncomeTax Central Circle 7(3)(2) & Ors.
….Petitioner
…Respondents
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Mr. Madhur Agrawal a/w Ms Shachi Udeshi and Ms Miloni Rathore i/b Wadia Ghandy & Co. for PetitionerMr. Suresh Kumar for Respondents
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CORAM : K.R. SHRIRAM &
N.J. JAMADAR, JJ
DATED : 2[nd] FEBRUARY 2022
P.C. :
1After the petition was heard for sometime, Mr. Agrawal oninstructions sought leave to withdraw the petition with liberty to raise allpoints before the Assessing Officer.
2Petition dismissed as withdrawn with liberty as prayed for.
(N. J. JAMADAR, J.)
(K.R. SHRIRAM, J.)
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