Commissioner Of Income Tax, Kolkata – 2, Kolkata v. M/S. Snowtex Udyog Limited

OD-9 ORDER SHEET IN THE HIGH COURT AT CALCUTTASPECIAL JURISDICTION (INCOME TAX)ORIGINAL SIDE ITA/75/2015 IA No. GA/1/2015 (Old No. GA/1703/2015),GA/2/2015 (Old No. GA/1704/2015) COMMISSIONER OF INCOME TAX, KOLKATA – 2, KOLKATAVS.M/S. SNOWTEX UDYOG LIMITED BEFORE:The Hon'ble JUSTICE T. S. SIVAGNANAM ANDThe Hon’ble JUSTICE HIRANMAY BHATTACHARYYADate : December 16, 2021. [Via Video Conference] Appearance:Mr. P.K. Bhowmik, Advocate… for the appellantMr. J.P. Khaitan, Sr. AdvocateMs. Anupa Banerjee, AdvocateMr. G.S. Gupta, Advocate… for the respondent 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, ‘B’ Bench, Kolkata. We have heard Mr. P.K. Bhowmik, learned standing counsel appearingfor the appellant/revenue and Mr. J.P. Khaitan, learned senior counselappearing for the respondent/assessee. We are satisfied with the reasons given in the affidavit filed in supportof the petition. Accordingly, delay in filing the appeal is condoned. Thepetition for condonation of delay stands allowed. 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.)