Principal Commissioner Of Income Tax, Central-1, Kolkata v. M/S. Zenon (India) Private Limited

IN THE HIGH COURT AT CALCUTTA Special Jurisdiction (Income Tax) ORIGINAL SIDE ITAT 227 of 2015 IA No. GA 1 of 2016 (Old No.GA 248 of 2016) PRINCIPAL COMMISSIONER OF INCOME TAX, CENTRAL-1, KOLKATA VERSUS M/S. ZENON (INDIA) PRIVATE LIMITED BEFORE: The Hon’ble JUSTICE T. S. SIVAGNANAM AND The Hon’ble JUSTICE HIRANMAY BHATTACHARYYA Date : 17[th] January, 2022. Appearance: Mr. Soumen Bhattacharya, Adv. …for the appellant. Mr. J.P. Khaitan, Adv. Mr. Pratyush Jhunjhunwala, Adv. Mr. S. Rudra, Adv. ...for the respondent. The Court : This appeal filed by the revenue under Section 260A of the Income Tax Act is directed against the order passed by the Income Tax Appellate Tribunal, Kolkata. The learned standing counsel appearing for the appellant/revenue has given instructions to the effect that this appeal cannot be prosecuted by the appellant/revenue on the ground of low tax effect. Recording the said submission, the appeal stands dismissed on the ground of low tax effect. Consequently, substantial questions of law which have been raised are left open. The application being IA No. GA 1 of 2016 (Old No.GA 248 of 2016) for stay also stands dismissed. (T. S. SIVAGNANAM, J.) (HIRANMAY BHATTACHARYYA, J.)