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Principal Commissioner Of Income Tax Central 2 Kolkata v. Surya Alloy Industries Ltd

High Court 18 Sep 2024 In favour of: Unclear

Forum / Bench

High Court · calcutta_original_side

Parties

Date of order

18 Sep 2024

Assessment year(s)

—

Outcome

Other

Case summary

In Principal Commissioner Of Income Tax Central 2 Kolkata v. Surya Alloy Industries Ltd, the High Court (2024) decided the matter.

Decision: Accordingly, this appeal stands disposed of on the ground of low tax effect and the substantial questions of law suggested are left open.

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 ITAT/201/2024 IA NO: GA/2/2024 PRINCIPAL COMMISSIONER OF INCOME TAX CENTRAL 2 KOLKATA VS SURYA ALLOY INDUSTRIES LTD BEFORE : THE HON'BLE THE CHIEF JUSTICE T.S SIVAGNANAM -A N D- HON'BLE JUSTICE HIRANMAY BHATTACHARYYA DATE : September 18, 2024. Appearance :Mr. Om Narayan Rai, Adv. Mr. Soumen Bhattacharjee, Adv. …for appellant. The Court :- This appeal filed by the department challenging the order passed by the Income Tax Appellate Tribunal. In the light of the recent circular no.9 of 2024 issued by the Central Board of Direct Taxes dated 17.9.2024, this appeal cannot be persuaded further on the ground of low tax effect. Accordingly, this appeal stands disposed of on the ground of low tax effect and the substantial questions of law suggested are left open. Consequently, the connected application also stands disposed of. (T.S. SIVAGNANAM) CHIEF JUSTICE pkd/GH (HIRANMAY BHATTACHARYYA, J.)

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This page reproduces a public-domain court order (Section 52(1)(q)(iv), Copyright Act 1957). Explanations are EaseValue's original analysis. Always read the original order.

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