Principal Commissioner of Income Tax Central 2 Kolkata v. Ms Dollar Holdings Pvt. Ltd.
Case brief
What is this about?
Principal Commissioner of Income Tax Central 2 Kolkata v. MS Dollar Holdings Pvt Ltd, High Court at Calcutta (Original Side, Special Jurisdiction [Income Tax]), ITAT/111/2026, decided 18th May, 2026 by Rajarshi Bharadwaj and Chaitali Chatterjee (Das), JJ. Delay of 175 days condoned (GA/1/2026 allowed). Appeal against Tribunal order dated 11.02.2025 for AY 2015-2016 dismissed: tax effect Rs.1,65,93,057/- below the Rs. 2 crores monetary limit under CBDT Circular No.9/2024 (17.09.2024) and CBDT Circular No.5 of 2024 (15.03.2024); appellant failed to identify the applicable exceptional clause under para 3.1(h). GA/2/2026 also dismissed. Keywords: condonation of delay, tax-effect monetary limit, CBDT Circular 5/2024 para 3.1(h), exceptional category, appeal dismissed.
What did the court decide?
Delay of 175 days condoned and GA/1/2026 allowed; the appeal and connected application GA/2/2026 dismissed.