SCA/14096/2025

Judgment text excerpt

NEUTRAL CITATION C/SCA/14096/2025 JUDGMENT DATED: 09/06/2026 2026:GUJHC:35261-DB IN THE HIGH COURT OF GUJARAT AT AHMEDABAD R/SPECIAL CIVIL APPLICATION NO. 14096 of 2025 With R/SPECIAL CIVIL APPLICATION NO. 14057 of 2025 FOR APPROVAL AND SIGNATURE: HONOURABLE MR. JUSTICE A.S. SUPEHIA and HONOURABLE MS. JUSTICE VAIBHAVI D. NANAVATI ============================================= Approved for Reporting Yes No ✔ ============================================= O3 DEVELOPERS PVT. LTD. Versus INCOME TAX OFFICER, WARD 3(1)(1), AHMEDABAD ============================================= Appearance: MR TUSHAR HEMANI, SENIOR ADVOCATE with MS VAIBHAVI K PARIKH(3238) for the Petitioner(s) No. 1 AADITYA D BHATT(8580) for the Respondent(s) No. 1 ============================================= CORAM:HONOURABLE MR. JUSTICE A.S. SUPEHIA and HONOURABLE MS. JUSTICE VAIBHAVI D. NANAVATI Date : 09/06/2026 COMMON ORAL JUDGMENT (PER : HONOURABLE MR. JUSTICE A.S. SUPEHIA) 1. Heard learned Senior Advocate Mr.Tushar Hemani with learned advocate Ms.Vaibhavi K. Parikh for the petitioner and learned Senior Standing Counsel Mr.Aaditya D. Bhatt for the respondent. 2. RULE returnable forthwith. Learned Senior Standing Counsel, Mr.Aaditya Bhatt waives service of notice of rule for the respondent. Page 1 of 12 Uploaded by () on Downloaded on : Tue Jun 30 23:32:40 IST 2026 NEUTRAL CITATION C/SCA/14096/2025 JUDGMENT DATED: 09/06/2026 2026:GUJHC:35261-DB 3. With consent of learned advocates appearing for the respective parties, the matter is taken up for final hearing. Special Civil Application No.14057 of 2025 is treated as a lead matter and the facts are narrated from the said petition, which read thus: 3.1 The petitioner is a company incorporated under the Companies Act, 1956 and majority of its shareholders are c