M/S MEGHMANI DYES AND INTERMEDIATES LLP V. DEPUTY COMMISSIONER OF INCOME TAX CIRCLE 2(1)(1)

SCA/2412/2022

AI Insights

In the case before the High Court of Gujarat, M/s Meghmani Dyes and Intermediates LLP sought to withdraw their petition against the Deputy Commissioner of Income Tax, Circle 2(1)(1). The petition was originally filed challenging the re-assessment proceedings under Section 148 of the Income Tax Act, which were initiated based on a notice dated 27.03.2021. However, the proceedings for re-assessment were subsequently dropped. In light of this development, the petition was withdrawn, leading to the court's decision to dispose of the case and vacate any interim relief that had been granted.

• Counselvise Citation: [2022] 140 COUNSELVISE.COM (IT) 761589 (HC-GUJARAT)
• Appeal Type: Others
• Pronouncement Date: 06-09-2022
• Assessment Year: misc
• Laws Referred To: Income Tax Act
• Result in Favour of: Others
• Court: HIGH COURT
• Department Lawyers: BHATTA CO
• Assessee Lawyers: DHINAL SHAH
• Keywords: Income Tax; Re-assessment; Withdrawal of Petition
• Section: 148

Judgement Text

"C/SCA/2412/2022 ORDER DATED: 06/09/2022 I N T H E H I G H C O U R T O F G U J A R A T A T A H M E D A B A D R / S P E C I A L C I V I L A P P L I C A T I O N N O . 2 4 1 2 o f 2 0 2 2 = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = M / S M E G H M A N I D Y E S A N D I N T E R M E D I A T E S L L P V e r s u s D E P U T Y C O M M I S S I O N E R O F I N C O M E T A X C I R C L E 2 ( 1 ) ( 1 ) = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = A p p e a r a n c e : M R D H I N A L A S H A H ( 1 2 0 7 7 ) f o r t h e P e t i t i o n e r ( s ) N o . 1 M R B H A T T & C O . ( 5 9 5 3 ) f o r t h e R e s p o n d e n t ( s ) N o . 1 = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = C O R A M : H O N O U R A B L E M R . J U S T I C E N . V . A N J A R I A a n d H O N O U R A B L E M R . J U S T I C E B H A R G A V D . K A R I A D a t e : 0 6 / 0 9 / 2 0 2 2 O R A L O R D E R ( P E R : H O N O U R A B L E M R . J U S T I C E N . V . A N J A R I A ) L e a r n e d a d v o c a t e M r . D h i n a l S h a h s e e k s p e r m i s s i o n t o w i t h d r a w t h e p e t i t i o n s t a t i n g t h a t t h e p r o c e e d i n g s o f r e - a s s e s s m e n t u n d e r S e c t i o n 1 4 8 o f t h e I n c o m e T a x A c t p u r s u a n t t o t h e i m p u g n e d n o t i c e d a t e d 2 7 . 0 3 . 2 0 2 1 h a s b e e n d r o p p e d . I n v i e w o f t h e s t a t e m e n t m a d e b y t h e l e a r n e d c o u n s e l f o r t h e p e t i t i o n e r , t h e p e t i t i o n d o e s n o t s u r v i v e a n d i s d i s p o s e d o f a c c o r d i n g l y . N o t i c e d i s c h a r g e d . A d i n t e r i m r e l i e f s t a n d s v a c a t e d . ( N . V . A N J A R I A , J ) ( B H A R G A V D . K A R I A , J ) B I J O Y B . P I L L A I Page 1 of 1 "