PRINCIPAL COMMISSIONER OF INCOME TAX-2, KOLKATA vs. UNIVERSAL INDUSTRIAL FUND LTD.

The appeal stands disposed of on

Bench: : The Hon’Ble Justice T.S. Sivagnanam A N D The Hon’Ble Justice Hiranmay Bhattacharyya Date: January 3, 2022. [Via Video Conference] Appearance : Mr. Tilak Mitra, Adv. Mr. A. Bhowmik, Adv. … For The Appellant/Revenue Mr. Sanjay Bbhowmick, Adv. Mr. A.K.Dey, Adv. … For The Respondent The Court : This Appeal Filed By The Revenue Under Section 260A Of The Income Tax Act, 1961 (The Act, In Brevity) Is Directed Against The Order Dated 24Th March, 2017, Passed By The Income Tax Appellate Tribunal, “B” Bench, Kolkata (Tribunal) In Ita No. 297/Kol/2014 For The Assessment Year 2010-11. The Revenue Has Raised The Following Substantial Questions Of Law For Our Consideration:

Via video conference] Appearance : Mr. Tilak Mitra, Adv. Mr. A. Bhowmik, Adv. … for the appellant/revenue Mr. Sanjay Bbhowmick, Adv. Mr. A.K.Dey, Adv. … for the respondent The Court : This appeal filed by the Revenue under Section 260A of the Income Tax Act, 1961 (the Act, in brevity) is directed against the order dated 24th March, 2017, passed by the Income