IN HIGH COURT AT CALCUTTA Special Jurisdiction (Income Tax) Original Side Present : Hon ble Justice Girish Chandra Gupta And Hon ble Justice Arindam Sinha 21st April, 2015 ITAT 39 of 2015 GA 582 of 2015 CIT, Kolkata-I, Kolkata Vs. Peerless General Finance & Investment Co. Ltd. Md. Nizamuddin, Advocate for appellant Mr. G.R. Sharma, Advocate for respondent Court :- Even Assessing Officer imposing penalty found that it is true that there is no concealment of fact . Based on aforesaid finding of Assessing Officer CIT (Appeals) was of opinion that penalty could not have been imposed. view of CIT (Appeals) has been upheld by learned Tribunal. department once again has come up in appeal. We have heard Mr. Nizamuddin and we are of opinion that there is no reason as to why appeal should be admitted. appeal is accordingly dismissed. (Girish Chandra Gupta, J.) (Arindam Sinha, J.) ANC. 2 Commissioner of Income-tax, Kokatal-I, Kolkata v. Peerless General Finance & Investment Co. Ltd