M/s. B.P.L. Ltd. v. Dy. Commissioner of Gift Tax, (SC) BS196760
SUPREME COURT OF INDIA

Before:-S.P. Bharucha and Ruma Pal, JJ.

Special Leave Petition (C) Nos. 5921 of 2000 with Tr. Petition (C) No. 203 of 2000. D/d. 7.8.2000.

M/s. B.P.L. Ltd. - Appellants

Versus

Dy. Commissioner of Gift Tax and Anr. - Respondents

Taxation (Gift Tax) - Writ Petition Moved in High Court raises all questions raised in S.L.P. - Petitioner to move High Court for appropriate interim orders

ORDER

Learned Counsel for the petitioner states that the petitioner has now moved a writ petition before the High Court of Karnataka which has been admitted. That raises all questions which are raised in this special leave petition. It is, therefore, appropriate that the High Court should hear and dispose of that writ petition. It shall be open to both the parties to raise all available contentions. It shall also be open to the petitioner to move the High Court for appropriate interim orders and such application shall be considered by the High Court on its own merits. To enable the petitioner to move that application, the order of stay passed on 8th May, 2000 shall continue for four weeks. This order of continuing the stay is passed by consent of the parties.

2. On the application of learned Counsel for the petitioner, the special leave petition and the transfer petition are dismissed as withdrawn.

S.L.P. and Transfer Petn. dismissed.