Commissioner Of Income Tax,Kolkata-Ii, Kolkata v. Jubilee Investment Andindustries Ltd

OD-6 ITA/132/2010 IN THE HIGH COURT AT CALCUTTA SPECIAL JURISDICTION (Income Tax)ORIGINAL SIDE COMMISSIONER OF INCOME TAX,KOLKATA-II, KOLKATA -Versus- JUBILEE INVESTMENT ANDINDUSTRIES LTD. BEFORE :THE HON’BLE JUSTICE SURYA PRAKASH KESARWANIAndTHE HON’BLE JUSTICE RAJARSHI BHARADWAJDate : 1[st] December, 2023 Appearance:Mr. Soumen Bhattacharyya, Adv....for the appellant. Mr. Pratyush Jhunjhunwala, Adv.Mr. A. K. De, Adv....for the respondent.The Court : Heard learned counsel for theappellant/Income Tax department and learned advocate for therespondent/assessee.This appeal relates to assessment year 1999-2000. Thelearned counsels state that the tax effect involved in thepresent appeal filed by the Department is much below themonetary limit fixed under the Circular No.17/2019 dated 8[th]August, 2019 issued by the Government of India, Ministry of Finance, Department of Revenue, Central Board of Direct Taxes,New Delhi and in view thereof, the present appeal deserves tobe dismissed. We find that the tax effect is less than the monetarylimit fixed under the aforesaid Circular for filing of theappeal by the income tax department. Therefore, the appeal(ITA/132/2010) is dismissed. (SURYA PRAKASH KESARWANI, J.) (RAJARSHI BHARADWAJ, J.) As.