Commissioner Of Income Tax, Kolkata-Xviii, Kol v. Balageria Central Co-Operative Bank Ltd.

OD-9

IN THE HIGH COURT AT CALCUTTA

Special Jurisdiction (Income Tax) ORIGINAL SIDE ITA 152 of 2011 IA No. GA 2 of 2011 (OLD No.GA 1907 of 2011) COMMISSIONER OF INCOME TAX, KOLKATA-XVIII, KOLKATA

VERSUS

BALAGERIA CENTRAL COOPERATIVE BANK LTD.

BEFORE:

The Hon'ble JUSTICE T. S. SIVAGNANAM AND The Hon'ble JUSTICE HIRANMAY BHATTACHARYYA Date : 17th January, 2022.

Appearance:

Mr. Arunava Ganguly, 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, Kolkata.

The learned standing counsel appearing for the appellant/revenue has given instructions to the effect that this appeal cannot be prosecuted by the appellant/revenue on the ground of low tax effect. Recording the said submission, the appeal stands dismissed on the ground of low tax effect.

Consequently, substantial questions of law which have been raised are left open.

The application being IA No. GA 2 of 2011 (OLD No.GA 1907 of 2011) for stay also stands dismissed.

(T. S. SIVAGNANAM, J.) (HIRANMAY BHATTACHARYYA, J.) s.pal/pkd