Ita/13/2022 Principal Commissioner Of Income Tax, Central-1, Kolkata v. Shri Ratan Kumar Somani

IN THE HIGH COURT AT CALCUTTA SPECIAL JURISDICTION (INCOME TAX) ORIGINAL SIDE ITA/13/2022 PRINCIPAL COMMISSIONER OF INCOME TAX, CENTRAL-1, KOLKATA VS SHRI RATAN KUMAR SOMANI BEFORE : THE HON'BLE THE CHIEF JUSTICE T.S SIVAGNANAM -A N D- HON'BLE JUSTICE HIRANMAY BHATTACHARYYA DATE : November 08, 2024. Appearance :Mr. Smarajit Roychowdhury, Adv. Mr. Soumen Bhattacharjee, Adv. …for appellant Mr. J. P. Khaitan, Sr. Adv. Mr. P. Jhunjhunwala, Adv. Ms. Swapna Das, Adv. …for respondent The Court :- This appeal has been filed challenging the order passed by the Income Tax Appellate Tribunal. It is not in dispute that the tax effect involved in this appeal is much lesser than the threshold limit fixed by the C.B.D.T. Hence, the revenue cannot prosecute this appeal any further. Accordingly, the appeal stands disposed of on the ground of low tax effect and the subsequent questions of law are left open. (T.S. SIVAGNANAM) CHIEF JUSTICE pkd/GH. (HIRANMAY BHATTACHARYYA, J.)