COMMISSIONER OF INCOME TAX, KOLKATA - II, KOLKATA vs. M/S KAY BEE INDUSTRIAL ALLOYS PVT LTD.

The appeal stands dismissed on the

Bench: HON'BLE JUSTICE T. S. SIVAGNANAM,HON'BLE JUSTICE HIRANMAY BHATTACHARYYA

Section 260A of the Income Tax Act, 1961 (the ‘Act’ in brevity) is directed against the order dated 21st December, 2011 passed by the Income Tax Appellate Tribunal, “A” Bench, Kolkata in ITA No.1032/Kol/2011 for the assessment year 2008-09. The revenue has raised the following substantial questions of law for consideration: “’(i) Whether on the facts