Principal Commissioner Of Income Tax (Central) Kolkata v. M/S. Microsec Financial Series Ltd
High Court
17 Dec 2021 In favour of: Assessee
Forum / Bench
High Court · calcutta_original_side
Parties
Principal Commissioner Of Income Tax (Central) Kolkata v. M/S. Microsec Financial Series Ltd
Date of order
17 Dec 2021
Assessment year(s)
—
Outcome
Dismissed
Case summary
In Principal Commissioner Of Income Tax (Central) Kolkata v. M/S. Microsec Financial Series Ltd, the High Court (2021) dismissed the appeal. The decision went in favour of the assessee.
Decision: Recording such submission, the appeal is dismissed on the ground of low tax effect.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
Sections referenced in this judgment
The order — as passed by the High Court
OD-4
IN THE HIGH COURT AT CALCUTTA Special Jurisdiction (Income Tax) ORIGINAL SIDE
ITAT 185 of 2017
IA No.GA 1 of 2017(Old No.GA 1655 of 2017)
PRINCIPAL COMMISSIONER OF INCOME TAX (CENTRAL) KOLKATA VERSUS M/S. MICROSEC FINANCIAL SERIES LTD.
BEFORE:
The Hon’ble JUSTICE T. S. SIVAGNANAM
AND The Hon’ble JUSTICE HIRANMAY BHATTACHARYYA Date : 17[th] December, 2021.
Appearance:Mr. Tilak Mitra, Adv. …for the appellant.
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, ‘C’ Bench, Kolkata.
We have heard Mr. Tilak Mitra, learned standing counsel appearing for the appellant/revenue.
The learned standing counsel appearing for the appellant/revenue on instructions from the department submitted that the appeal cannot be pursued by the revenue on account of low tax effect.
Recording such submission, the appeal is dismissed on the ground of low tax effect.
Consequently, substantial questions of law which have been raised are left open.
The application being IA GA 1 of 2017 (Old No. 1655 of 2017) for stay also stands dismissed.
(T. S. SIVAGNANAM, J.)
(HIRANMAY BHATTACHARYYA, J.)
s.pal/pkd
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