Principal Commissioner Of Income Tax 1 Kolkata v. M/S Dalmia Laminators Ltd

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IN THE HIGH COURT AT CALCUTTA

SPECIAL JURISDICTION (INCOME TAX) ORIGINAL SIDE ITAT/198/2024 IA NO: GA/2/2024 PRINCIPAL COMMISSIONER OF INCOME TAX 1 KOLKATA VS M/S DALMIA LAMINATORS LTD.

BEFORE :

THE HON'BLE THE CHIEF JUSTICE T.S SIVAGNANAM -A N DHON'BLE JUSTICE BIVAS PATTANAYAK DATE : September 27, 2024.

Appearance :

Mr. Om Narayan Rai, Adv.

Mr. Amit Sharma, Adv.

...for appellant Mr. Ranjit Kumar Murarka, Sr. Adv.

Mr. Dibanath Dey, Adv.

...for respondent The Court :- We have heard learned Counsel on the either side. This appeal filed by the revenue cannot be prosecuted further since, the tax effect involved in this appeal is less than Rs.2 crore, as stipulated in the Circular No. 9 of 2024 dated 17th September, 2024, issued by the Central Board of Direct Taxes.

Accordingly, the application stands disposed of on the ground of low tax effect and the substantial questions of law are left open. (T.S. SIVAGNANAM) CHIEF JUSTICE (BIVAS PATTANAYAK, J.) pkd/GH