A bench of Justices S Muralidhar and Chander Shekhar asked the company to approach the Income Tax assessing officer, after which the firm withdrew its petition.
The court then dismissed the plea as it was withdrawn.
Young India had approached the high court seeking a direction to stay the IT proceedings and quashing of notices against it with regard to the National Herald misappropriation of assets case.
The company was issued notices regarding the assessment year 2011-12.
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