Director Of Income Tax (International Taxation v. Zimmer Ag

OD-7 ORDER SHEETIN THE HIGH COURT AT CALCUTTASPECIAL JURISDICTION (INCOME TAX)ORIGINAL SIDE ITA/299/2009 DIRECTOR OF INCOME TAX (INTERNATIONAL TAXATION)VS. ZIMMER AG, THROUGH ITS REPRESENTATIVE ASSESSEE M/S. SOUTHASIAN PETROCHEMICALS LIMITED BEFORE:The Hon'ble JUSTICE T. S. SIVAGNANAM AND The Hon’ble JUSTICE HIRANMAY BHATTACHARYYADate : December 16, 2021. [Via Video Conference] Appearance:Mr. Tilak Mitra, 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. Tilak Mitra, learned standing counsel appearing forthe 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.