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  1. Home/
  2. Library/
  3. High Court Of Karnatak/
  4. 2024/
  5. December

M/s Ambika Bullion Trading Pvt Ltd vs. Principal Commissioner of Income Tax

Decided on 31 December 2024• Citation: WP/25336/2023• High Court of Karnatak
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                                          - 1 -                                     
                                                     NC: 2024:KHC:53357             
                                                  WP No. 25336 of 2023              
                  IN THE  HIGH COURT  OF KARNATAKA    AT BENGALURU                  
                     DATED  THIS THE  31ST DAY OF DECEMBER,  2024                   
                                        BEFORE                                      
                     THE HON'BLE  MR  JUSTICE SURAJ  GOVINDARAJ                     
                       WRIT  PETITION  NO. 25336 OF  2023 (T-IT)                    
                  BETWEEN:                                                          
                  M/S AMBIKA BULLION TRADING PVT., LTD.,                            
                  (COMPANY ENGAGED IN THE BUSINESS                                  
                  OF BULLION TRADING)                                               
                  HAVING ITS REGD. OFFICE AT                                        
                  NO.1, MDP MARKET, BETTAPPA LANE                                   
                  C.T. STREET CROSS, BENGALURU-560002                               
                  PAN:AAMCA4555F                                                    
                  REPRESENTED BY ITS MANAGING DIRECTOR                              
                  RAMESH KOTHARI S/O MANIK CHAND.H                                  
                  AGED ABOUT 53 YEARS                                               
                                                           …PETITIONER              
                  (BY SRI. BALRAM R.RAO., ADVOCATE)                                 
                  AND:                                                              
                  1.  PRINCIPAL COMMISSIONER OF INCOME TAX                          
                      BENGALURU-1, HAVING ITS OFFICE AT                             
     Digitally signed                                                               
                      BMTC BUILDING, 80 FEET ROAD                                   
     by SHWETHA                                                                     
     RAGHAVENDRA                                                                    
                      6TH BLOCK, KORAMANGALA                                        
     Location: HIGH                                                                 
                      BENGALURU-560095                                              
     COURT OF                                                                       
     KARNATAKA                                                                      
                  2.  INCOME TAX OFFICER                                            
                      WARD 1(1)(2)                                                  
                      HAVING ITS OFFICE AT                                          
                      BMTC BUILDING, 80 FEET ROAD                                   
                      6TH BLOCK, KORAMANGALA                                        
                      BENGALURU-560 095                                             
                                                         …RESPONDENTS               
                  (BY SRI.TIRUMALESH., ADVOCATE FOR SRI.M.DILIP., ADVOCATE)         

                                          - 2 -                                     
                                                     NC: 2024:KHC:53357             
                                                  WP No. 25336 of 2023              
                       THIS WRIT PETITION IS FILED UNDER ARTICLES 226 AND 227       
                  OF CONSTITUTION OF INDIA, PRAYING TO ISSUE A WRIT OF              
                  CERTIORARI OR A WRIT IN THE NATURE OF CERTIORARI OR ANY           
                  OTHER APPROPRIATE WIRT, ORDER OR DIRECTION UNDER ARTICLE          
                  226 OF THE CONSTITUTION OF INDIA CALLING FOR THE RECORDS          
                  OF THE PETITIONERS CASE AND AFTER EXAMINING THE LEGALITY          
                  AND VALIDITY THEREOF BE PLEASED TO QUASH AND SET ASIDE            
                  THE IMPUGNED ORDER PASSED UNDER SECTION 154 R.W.S. 143(3)         
                  OF  THE  ACT DATED  30.03.2023 IN DIN &  ORDER  NO.               
                  ITBA/REC/S/154_1/2022-23/1051648913(1) (ANNEXURE-Q) AS            
                  WELL AS NOTICE OF DEMAND ISSUED UNDER SECTION 156 OF THE          
                  ACT   IN  DIN   AND  NOTICE   NO.ITBA/REC/S/156.1/2022-           
                  23/1051649496(1) (ANNEXURE-Q1) PASSED BY THE RESPONDENT           
                  FOR THE ASSESSMENT YEAR 2015-16 AND ETC.                          
                       THIS WRIT PETITION, COMING ON FOR ORDERS, THIS DAY,          
                  ORDER WAS MADE THEREIN AS UNDER:                                  
                  CORAM:   HON'BLE MR JUSTICE SURAJ GOVINDARAJ                      
                                     ORAL  ORDER                                    
                   1.  Sri.Tirumalesh., learned counsel is directed to accept       
                       notice for respondents No.1 and 2.                           
                   2.  Learned counsel for the petitioner seeks permission          
                       to withdraw the  above petition, with liberty to             
                       approach  the respondent under  the  “Vivad se               
                       Vishwas Scheme”.                                             
                   3.  Reserving such liberty, the petition stands disposed         
                       of.                                                          
                                                  Sd/-                              
                                          (SURAJ GOVINDARAJ)                        
                                                 JUDGE                              
                  SR/List No.: 3 Sl No.: 15