Principal Commissioner of Income-tax, Central-2, Kolkata v. Cygnus Investment And Finance Pvt. Ltd - 2020-LL-0217-26

Citation	2020-LL-0217-26
Appellant Name	Principal Commissioner of Income-tax, Central-2, Kolkata
Respondent Name	Cygnus Investment And Finance Pvt. Ltd.
Court	HIGH COURT OF CALCUTTA
Relevant Act	Income-tax
Date of Order	17/02/2020
Judgment	View Judgment
Keyword Tags	tax effect
Bot Summary:	For the Respondent The Court :- Mr. Dutta, learned counsel for the appellant submits that the tax effect is below Rs. 1 crore. By virtue of the circular of the Central Board of Direct Taxes dated 11th July, 2018 read with the circular dated 8th August, 2019 and the clarification dated 20th August, 2019, the appellant cannot proceed with the appeal. Accordingly, this appeal and the connected application are dismissed as not pressed.

OD 14 ORDER SHEET ITA 18 of 2020 GA 1391 of 2019 IN HIGH COURT AT CALCUTTA Special Jurisdiction (Income Tax) ORIGINAL SIDE PRINCIPAL COMMISSIONER OF INCOME TAX, CENTRAL - 2, KOLKATA Versus M/S. CYGNUS INVESTMENT AND FINANCE PVT. LTD. BEFORE: Hon'ble JUSTICE I. P. MUKERJI Hon'ble JUSTICE PROTIK PRAKASH BANERJEE Date : 17th February, 2020. Appearance : Mr. S. N. Dutta, Adv. For Appellant Mr. A. Chakraborty, Adv. Mr. R. Upadhyay, Adv. Mr. P. Bera, Adv. For Respondent Court :- Mr. Dutta, learned counsel for appellant submits that tax effect is below Rs. 1 crore. By virtue of circular of Central Board of Direct Taxes dated 11th July, 2018 read with circular dated 8th August, 2019 and clarification dated 20th August, 2019, appellant cannot proceed with appeal. Accordingly, this appeal (ITA 18 of 2020) and connected application (GA No.1391 of 2019) are dismissed as not pressed. Interim order, if any, is vacated. (I. P. MUKERJI, J.) (PROTIK PRAKASH BANERJEE, J.) Dey Principal Commissioner of Income-tax, Central-2, Kolkata v. Cygnus Investment And Finance Pvt. Ltd

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