Ita/45/2022 Principal Commissioner Of Income Tax Central 1 Kolkata v. M/S. Roxy Securities Private Limited

ORDER O – 137 ITA/45/2022 PRINCIPAL COMMISSIONER OF INCOME TAX CENTRAL 1 KOLKATA VS M/S. ROXY SECURITIES PRIVATE LIMITED BEFORE : THE HON’BLE JUSTICE SURYA PRAKASH KESARWANI AND THE HON’BLE JUSTICE AJAY KUMAR GUPTA Date : 3[rd] July 2024. Appearance: Mr. Vipul Kundalia, Advocate Mr. Amit Sharma, Advocate ... for appellant. Mr. Agnibesh Sengupta, Advocate Ms. Pritha Basu, Advocate Mr. Saptarshi Kar, Advocate ... for respondent. 1.Heard Sri Vipul Kundalia, learned senior standing counsel for the appellant and Sri Agnibesh Sengupta, learned counsel for the respondent. appellant and Sri Agnibesh Sengupta, learned counsel for the respondent. 2.Both the learned counsel for the parties jointly state that the questions involved in the present appeal are squarely covered by the judgment of Hon’ble Supreme Court in the case of Principal Commissioner of Income Tax, Central-3 v. Abhisar Buildwell (P) Limited [2003] 149 taxmann.com 399 (SC) and in view thereof the present appeal deserves to be dismissed and the substantial questions of law deserve to be answered in favour of the assessee and against the Revenue. involved in the present appeal are squarely covered by the judgment of Hon’ble Supreme Court in the case of Principal Commissioner of Income Tax, Central-3 v. Abhisar Buildwell (P) Limited [2003] 149 taxmann.com 399 (SC) and in view thereof the present appeal deserves to be dismissed and the substantial questions of law deserve to be answered in favour of the assessee and against the Revenue. 3.In view of the statements jointly made by learned counsel for the parties, the appeal is dismissed. The substantial questions of law as framed in the order dated 06.07.2022 are answered in favour of the assessee and against the respondent. parties, the appeal is dismissed. The substantial questions of law as framed in the order dated 06.07.2022 are answered in favour of the assessee and against the respondent. (SURYA PRAKASH KESARWANI, J.) S. Kumar (AJAY KUMAR GUPTA, J.)