2021 (11) TMI 686

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.... Mr. Tilak Mitra, Adv. Mr. Soumen Bhattacharjee, Adv. ...for the appellant. Mr. Rahul Tangri, Adv. Mr. Deepro Sen, Adv. ...for the respondent. The Court : This appeal of revenue filed under Section 260A of the Income Tax Act (the 'Act' in brevity) is directed against the order dated 15th September, 2016 passed by the Income Tax Appellate Tribunal, B-Bench, Kolkata (the 'Tribunal') in ITA No.....

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....) in A.Y. 2011-12 which came into effect from 1st April, 2013, i.e. from the A.Y. 2013-14?" We have heard Mr. Tilak Mitra, learned counsel for the appellant assisted by Mr. Soumen Bhattacharjee, learned advocate and Mr. Rahul Tangri, learned counsel for the respondent assisted by Mr. Deepro Sen, learned advocate. The short question involved in this appeal is whether the respondent/assessee w....

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..... in the same state as movable property. The Hon'ble Supreme Court followed its earlier decision in Commissioner of Sales Tax, Madhya Pradesh, Indore vs. Madhya Pradesh Electricity Board, Jabalpur 1969(1)SCC 200. Therefore, the revenue cannot dispute the fact that the electricity needs to be construed as a movable property as it being capable of being transmitted and transferred etc. The next i....