Yes Bank v. Samtel Avionics Limited
Case brief
What is this about?
The applicant bank filed an application to withdraw a Tax Appeal (TA/8021/2022), claiming amicable settlement and full payment of the settled amount. The Tribunal allowed the withdrawal application, dismissed the appeal as withdrawn, directed return of original documents, and disposed of pending applications.
What did the court decide?
Withdrawal of the Tax Appeal application allowed; underlying appeal dismissed as withdrawn; original documents to be returned.