Shreesatya Metal And Alloys Private Limited v. Commissioner Of Income Tax Circle 5/1 Kolkata And ORS

OD -9 ORDER SHEET WPO/1140/2023

IN THE HIGH COURT AT CALCUTTA

CONSTITUTIONAL WRIT JURISDICTION ORIGINAL SIDE SHREESATYA METAL AND ALLOYS PRIVATE LIMITED VS COMMISSIONER OF INCOME TAX CIRCLE 5/1 KOLKATA AND ORS.

BEFORE:

The Hon'ble JUSTICE MD. NIZAMUDDIN Date: 13th June, 2023.

Appearance:

Ms. Swapna Das, Adv.

Mr. Siddharth Das, Adv.

...For the Petitioner Mr. Prithu Dudhoria, Adv.

...For the Respondents The Court: Heard learned counsel appearing for the parties. Affidavit of service filed in Court be kept with the records. By this writ petition, petitioner has challenged the impugned order dated 27th July, 2022 under Section 148A(d) of the Income Tax Act, 1961 relating to assessment year 2014-15.

Considering the serious nature of allegation of involvement of the petitioner in fictitious scheme of losses/profits though coordinated and premeditated trading in ill-liquid stock options and in view of the view taken in the judgment of this Court dated 16th May, 2023 in WPO 943 of 2023 (Shri Kalicharan Agarwalla vs. Office of the Income Tax Officer Ward 44(2) Kolkata and Ors.) this writ petition being WPO 1140 of 2023 is dismissed. (MD. NIZAMUDDIN, J.) TR/