M/S Bhagwati Products Limited v. Income Tax Officer
Case brief
What is this about?
Petitioner sought to withdraw a writ petition invoking alternative appeal remedy. Court dismissed petition as withdrawn, granted liberty regarding limitation if appeal filed within fifteen days, and clarified stay procedure.
What did the court decide?
Writ petition dismissed as withdrawn; liberty granted that appeal filed within fifteen days will not be dismissed on limitation; stay of recovery requires follow of Income Tax Act procedure.