Commissioner Of Income Tax, Kol – 3, Kolkata v. M/S. V.i.p. Buildcom (P) Ltd
High Court
16 Dec 2021 In favour of: Assessee
Forum / Bench
High Court · calcutta_original_side
Parties
Commissioner Of Income Tax, Kol – 3, Kolkata v. M/S. V.i.p. Buildcom (P) Ltd
Date of order
16 Dec 2021
Assessment year(s)
—
Outcome
Dismissed
Case summary
In Commissioner Of Income Tax, Kol – 3, Kolkata v. M/S. V.i.p. Buildcom (P) Ltd, the High Court (2021) dismissed the appeal. The decision went in favour of the assessee.
Decision: Recording such submission, the appeal is dismissed on the ground oflow tax effect.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
Sections referenced in this judgment
The order — as passed by the High Court
OD-8
ORDER SHEET
IN THE HIGH COURT AT CALCUTTASPECIAL JURISDICTION (INCOME TAX)ORIGINAL SIDE
ITA/54/2015IA No. GA/1/2015 (Old No. GA/1721/2015)
COMMISSIONER OF INCOME TAX, KOL – 3, KOLKATAVS.M/S. V.I.P. BUILDCOM (P) LTD.
BEFORE:The Hon'ble JUSTICE T. S. SIVAGNANAM ANDThe Hon’ble JUSTICE HIRANMAY BHATTACHARYYADate : December 16, 2021.
[Via Video Conference]
Appearance:Mr. Asok Bhowmik, Advocate… for the appellant
The Court : This appeal filed by the revenue under Section 260A of theIncome Tax Act is directed against the order passed by the Income TaxAppellate Tribunal, ‘C’ Bench, Kolkata.
We have heard Mr. Asok Bhowmik, learned standing counsel appearingfor the appellant/revenue.
The learned standing counsel appearing for the appellant/revenue oninstruction from the department submitted that the appeal cannot bepursued by the revenue on account of low tax effect.
Recording such submission, the appeal is dismissed on the ground oflow tax effect.
Consequently, substantial questions of law which have been raised areleft open.
Connected application, if any, stands dismissed.
(T. S. SIVAGNANAM, J.)
(HIRANMAY BHATTACHARYYA, J.)
RS/GH.
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