Calcutta High Court
Commissioner Of Income Tax vs M/S. Hindustan Gums And Chemicals Ltd on 18 July, 2018
Author: Sanjib Banerjee
Bench: Sanjib Banerjee, Abhijit Gangopadhyay
O-18
ITAT No.159 of 2014
GA No.3269 of 2014
IN THE HIGH COURT AT CALCUTTA
Special Jurisdiction (Income Tax)
ORIGINAL SIDE
COMMISSIONER OF INCOME TAX, KOLKATA-IV
Versus
M/S. HINDUSTAN GUMS AND CHEMICALS LTD.
BEFORE:
The Hon'ble JUSTICE SANJIB BANERJEE
And
The Hon'ble JUSTICE ABHIJIT GANGOPADHYAY
Date : 18th July, 2018.
Appearance:
Ms. Asha Gutgutia, Adv.
..for the Revenue
Mr. J.P. Khaitan, Sr. Adv.
Ms. S. Das, Adv.
Mr. A. Gupta, Adv.
Mr. S. Bhaumik, Adv.
..for the Respondent
The Court : Since the tax effect involved in this matter is below Rs.50 lakh, it is submitted on behalf of the Revenue that in view of the circular of July 11, 2018 issued by the Central Board of Direct Taxes, the appeal can no longer be pursued.
ITAT No.159 of 2014 and GA No.3269 of 2014 are dismissed as not pressed.
There will be no order as to costs.
(SANJIB BANERJEE, J.) (ABHIJIT GANGOPADHYAY, J.) sg.