2023 (8) TMI 688

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..... 'BLE MR. JUSTICE UJJAL BHUYAN For the Appellant : Mrs. Anil Katiyar, AOR Mr. Raj Bahadur Yadav, AOR Mr. N Venkatraman, A.S.G. Mr. Wasim Qadri, Sr. Adv. Mr. V C Bharathi, Adv. Mr. Rupesh Kumar, Adv. Mr. H R Rao, Adv. Mr. Prashant Singh II, Adv. For the Respondent : Mr. Arvind P. Datar, Sr. Adv. Mr. ADN Rao, Sr. Adv. Mr. Venkata Raghuvamsy D., AOR Mr. Rahul Mishra, Adv. ORDER Heard learn .....

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..... eal. Thereafter, the same came to be challenged before this Court by way of a special leave petition and on leave being granted, civil appeal has been registered. In the hearing today, learned senior counsel for the respondent has raised a preliminary objection that the appeals have been rendered infructuous in view of the subsequent events. He submits that the issue relates to imposition of pena .....

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..... is leviable under Section 271D of the Act where transfer of money has taken place through journal entries is a live issue and is required to be adjudicated upon. After hearing learned counsel for the parties and on due consideration of the facts of the case, we are of the view that the issue raised in these appeals have been rendered infructuous because of the subsequent turn of events. As a mat .....

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