Commissioner Of Income Tax, Kolkata-Xvii v. Ms. Maya Sarkar

IN THE HIGH COURT AT CALCUTTASpecial Jurisdiction (Income Tax)ORIGINAL SIDE IA No.GA/1/2014(Old No. GA/3766/2014) InITAT/192/2014 COMMISSIONER OF INCOME TAX, KOLKATA-XVIIVsMS. MAYA SARKAR BEFORE: The Hon'ble JUSTICE T. S. SIVAGNANAM AND The Hon’ble JUSTICE HIRANMAY BHATTACHARYYA Date : December 13, 2021.(Via Video Conference) Appearance:Ms. Sucharita Biswas, Adv.… for the appellant/Revenue Mr. Malay Dhar, Adv.Mr. Bhaskar Sengupta, Adv.… for the respondent/assessee The Court : This appeal by the Revenue filed under Section 260A of theIncome Tax Act, 1961 (the ‘Act’ in brevity) is directed against the order dated8[th] July, 2014 passed by the Income Tax Appellate Tribunal, ‘B’ Bench,Kolkata in ITA No. 622/Kol/2012 for the assessment year 2007-08. We have heard Ms. Sucharita Biswas, learned standing counselappearing for the appellant/Revenue and Mr. Malay Dhar, learned counselappearing for the respondent/assessee. It is pointed out by the learned standing counsel for the appellant byreferring to the assessment order that tax effect in this case is well below thethreshold limit fixed in the circular issued by the C.B.D.T. In the light of the said submission, this appeal is dismissed on theground of low tax effect. The substantial questions of law raised by theRevenue are left open. Consequently, application also stands dismissed. (T. S. SIVAGNANAM, J.) (HIRANMAY BHATTACHARYYA, J.) RS/GH.