Wp(C)/22431/2005 Of Lord Krishna Bank Ltd v. Chief Commissioner Of Income Tax

IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE P.R.RAMACHANDRA MENON MONDAY, THE 4TH JANUARY 2010 / 14TH POUSHA 1931 WP(C).No. 22431 of 2005(U) -------------------------- PETITIONER: --------------- LORD KRISHNA BANK LTD., INDIAN EXPRESS BUILDING, KALOOR, KOCHI 682 014, REPRESENTED BY ITS MD AND CEO (OFFICIATING) MR. V.K.GUPTA. BY ADV. SRI.JOSEPH MARKOSE, SENIOR ADVOCATE SRI.MITHUN MARKOS RESPONDENTS: --------------- 1. CHIEF COMMISSIONER OF INCOME TAX, KOCHI. 2. DY.COMMISSIONER OF INCOME TAX, CIRCLE (1), RANGE-1, ERNAKULAM. BY ADV. MR. JOSE JOSEPH, SC, IT. ADV. SRI.P.K.R.MENON,SR.COUNSEL,GOI(TAXES) ADV. SRI.GEORGE K. GEORGE, SC . THIS WRIT PETITION (CIVIL) HAVING BEEN FINALLY HEARD ON 04/01/2010, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: P.R. RAMACHANDRA MENON, J. .............................................................................. W.P.(C) No. 22431 OF 2005 ......................................................................... Dated this the 4[th] January, 2010 J U D G M E N T The learned Counsel for the petitioner submits that Ext.P5 impugned order was subjected to challenge before the statutoryappellate authority wherein an order was passed in favour ofthe petitioner-Bank. Though the same has been subsequentlytaken up and challenged before the Income Tax Department, itis pending consideration. In the said circumstances, the learnedCounsel submits that the Writ Petition may be permitted to bewithdrawn with liberty to challenge the proceedings as and whennecessitated . Liberty is granted and the Writ Petition is dismissed aswithdrawn. P.R. RAMACHANDRA MENON, JUDGE. lk