Ita/37/2012 Commissioner Of Income Tax, Kolkata-Ii, Kolkata v. Orange Securities Pvt. Ltd
High Court
17 Nov 2022 In favour of: Assessee
Forum / Bench
High Court · calcutta_original_side
Parties
Ita/37/2012 Commissioner Of Income Tax, Kolkata-Ii, Kolkata v. Orange Securities Pvt. Ltd
Date of order
17 Nov 2022
Assessment year(s)
2003-04
Outcome
Dismissed
The order — as passed by the High Court
Case summary
In Ita/37/2012 Commissioner Of Income Tax, Kolkata-Ii, Kolkata v. Orange Securities Pvt. Ltd, the High Court (2022) dismissed the appeal. The decision went in favour of the assessee.
Decision: Accordingly, the appeal stands dismissed on the ground of low tax effect.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
O-3
IN THE HIGH COURT AT CALCUTTASPECIAL JURISDICTION (INCOME TAX)ORIGINAL SIDE
ITA/37/2012COMMISSIONER OF INCOME TAX, KOLKATA-II, KOLKATAVS.
ORANGE SECURITIES PVT. LTD.
BEFORE :
THE HON’BLE JUSTICE T.S. SIVAGNANAMAndTHE HON’BLE JUSTICE HIRANMAY BHATTACHARYYA
Date : 17[th] November, 2022
Appearance :Mr. Soumen Bhattacharjee, Adv.…for the appellant
The Court : This appeal at the instance of the revenue under Section 260Aof the Income Tax, 1961 (the Act) is directed against the order dated May 24,2011 passed by the Income Tax Appellate Tribunal, “A” Bench, Kolkata in ITANos. 1913 & 1914/Kol/2010 for the assessment year 2003-04.
Mr. Soumen Bhattacharjee, learned standing counsel representing theappellant/revenue, submits that the tax effect in the instant appeal is below thethreshold limit as per the CBDT circular.
In view thereof, the revenue cannot pursue the appeal any further.
Accordingly, the appeal stands dismissed on the ground of low tax effect.
The substantial questions of law already framed by this Court by orderdated March 12, 2012 are left open.
(T.S. SIVAGNANAM, J.)
(HIRANMAY BHATTACHARYYA, J.)
SN.AR(CR)
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