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Itat/169/2021 Of Principal Commissioner Of Income Tax-1, Kolkata v. M/S. Stewarts And Llyods Of India Ltd

High Court 14 Jun 2022 In favour of: Assessee

Forum / Bench

High Court · calcutta_original_side

Parties

Date of order

14 Jun 2022

Assessment year(s)

—

Outcome

Dismissed

Case summary

In Itat/169/2021 Of Principal Commissioner Of Income Tax-1, Kolkata v. M/S. Stewarts And Llyods Of India Ltd, the High Court (2022) dismissed the appeal. The decision went in favour of the assessee.

Decision: Consequently, the appeal stands rejected.

Summary auto-generated from the order below — read the full judgment for the complete reasoning.

The order — as passed by the High Court

ITAT/169/2021IA NO: GA/1/2021; GA/2/2021IN THE HIGH COURT AT CALCUTTASPECIAL JURISDICTION (INCOME TAX)ORIGINAL SIDE PRINCIPAL COMMISSIONER OF INCOMETAX – 1, KOLKATA -Versus- M/s. Stewards & Llyods of IndiaLtd. Appearance:Mr. Vipul Kundaria, Adv....for the appellant. Mr. Siddharth Sharma, Adv....for the respondent. BEFORE: The Hon’ble JUSTICE T.S. SIVAGNANAM -And- The Hon’ble JUSTICE HIRANMAY BHATTACHARYYA[[th]] Date : 14[[th]] June, 2022. The Court : There is a delay of 711 days in filing theappeal. We have perused the affidavit I support of the condonationof delay application and we find that no reasons for condonationof inordinate delay. That apart, pursuant to the orders passed bythe National Company Law Tribunal, Kolkata Bench (1) in CP (IB)no. 213/KB/2017, the company has been wound up. Hence, the application is dismissed. Consequently, the appeal stands rejected. (T.S. SIVAGNANAM, J.) (HIRANMAY BHATTACHARYYA, J.)Pkd/GH.

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