HERO CYCLES LTD vs PRINCIPAL COMMISSIONER OF INCOME TAX LUDHIANA 1 AND ANOTHER

2026:PHHC:095242 IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH 116/1 CWP-9773-2026 Date of Decision: 14.07.2026 HERO CYCLES LTD. ...Petitioner Versus PRINCIPAL COMMISSIONER OF INCOME TAX LUDHIANA 1 AND ANOTHER ...Respondents CORAM: HON'BLE MR. JUSTICE DEEPAK SIBAL HON'BLE MS. JUSTICE RUPINDERJIT CHAHAL Present:- Mr. Alok Mittal, Advocate for the petitioner. Mr. Ranvijay Singh, Sr. Standing Counsel with Mr. Vidul Kapoor, Jr. Standing Counsel for the respondents. 2k ook 2 ok DEEPAK SIBAL, J. (Oral) 1. At the outset, learned counsel for the respondents submits that the petitioner's rectification application dated 31.12.2024 (Annexure P-10) shall be decided by respondent No.2 within a period of 03 months by passing a reasoned order and after granting an opportunity of personal hearing to the petitioner. 2. The afore statement satisfies the learned counsel for the petitioner. MOHIT 2026.07.16 16:06 I attest to the accuracy and integrity of this document CWP 9773 2026 2 sarc 3. Needless to add that the decision so taken be communicated to the petitioner and if the same is not to the satisfaction of the petitioner, he would be at liberty to challenge the same, in accordance with l