The Principal Commissioner Of Income Tax (Central), Kolkata v. M/S Microsec Financial Series Ltd

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 : 17th 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