Principal Commissioner Of Income Tax -3, Kolkata v. M/S. Five Star Shipping Agency Limited
High Court
28 Apr 2022 In favour of: Assessee
Forum / Bench
High Court · calcutta_original_side
Parties
Principal Commissioner Of Income Tax -3, Kolkata v. M/S. Five Star Shipping Agency Limited
Date of order
28 Apr 2022
Assessment year(s)
—
Outcome
Dismissed
Case summary
In Principal Commissioner Of Income Tax -3, Kolkata v. M/S. Five Star Shipping Agency Limited, 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.
The order — as passed by the High Court
IN THE HIGH COURT AT CALCUTTA SPECIAL JURISDICTION (INCOME TAX) ORIGINAL SIDE
ITA 42 of 2015
PRINCIPAL COMMISSIONER OF INCOME TAX -3, KOLKATA Vs M/s. FIVE STAR SHIPPING AGENCY LIMITED
BEFORE :
THE HON’BLE JUSTICE T.S. SIVAGNANAM
And THE HON’BLE JUSTICE HIRANMAY BHATTACHARYYA Date : 28[th] April, 2022
The Court : This appeal by the revenue directed against the order passed by the Income Tax Appellate Tribunal “B” Bench, Kolkata in I.T.A. No. 296/Kol/2012 and I.T.A.No.1001/Kol/2012 for the assessment years 2006-07 and 2007-08 respectively. It is submitted by the learned standing Counsel for the appellant that the appeal is not being pursued on account of low tax effect. Accordingly, the appeal stands dismissed on the ground of low tax effect.
The substantial questions of law, which have been suggested, are left open.
(T.S. SIVAGNANAM, J.)
(HIRANMAY BHATTACHARYYA, J.)
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