Commissioner Of Income Tax, Kolkata – Iv, Kolkata v. Kanoria Chemicals & Inds. Ltd

OD-6 ORDER SHEET IN THE HIGH COURT AT CALCUTTASPECIAL JURISDICTION (INCOME TAX)ORIGINAL SIDE ITA/276/2009 COMMISSIONER OF INCOME TAX, KOLKATA – IV, KOLKATAVS.KANORIA CHEMICALS & INDS. LTD. BEFORE:The Hon'ble JUSTICE T. S. SIVAGNANAM AND The Hon’ble JUSTICE HIRANMAY BHATTACHARYYADate : December 16, 2021. [Via Video Conference] Appearance:Mr. P.K. Bhowmik, Advocate… for the appellant Mr. J.P. Khaitan, Sr. AdvocateMs. Swapna Das, AdvocateMr. Sanjay Bhowmik, AdvocateMr. Siddhart Das, 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, Calcutta. 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. 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.)