Petitioner bank agreed to withdraw the writ petition regarding an impugned income tax order subject to pending appeal consequences; court dismissed petition as withdrawn with liberty to challenge proceedings later.
Liberty granted to challenge proceedings as and when necessitated; Writ Petition dismissed as withdrawn.
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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)
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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:
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 4th 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 statutory appellate authority wherein an order was passed in favour of the petitioner-Bank. Though the same has been subsequently taken up and challenged before the Income Tax Department, it is pending consideration. In the said circumstances, the learned Counsel submits that the Writ Petition may be permitted to be withdrawn with liberty to challenge the proceedings as and when necessitated .
Liberty is granted and the Writ Petition is dismissed as withdrawn.
P.R. RAMACHANDRA MENON, JUDGE.
lk
LORD KRISHNA BANK LTD.
CHIEF COMMISSIONER OF INCOME TAX, KOCHI
DY.COMMISSIONER OF INCOME TAX, CIRCLE (1), RANGE-1, ERNAKULAM
P.R. Ramachandran Menon
As recorded by the court registry
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