1 OD – 26 IN THE HIGH COURT AT CALCUTTA Special Jurisdiction [Income Tax] ORIGINAL SIDE ITAT/250/2025 IA NO: GA/1/2026, GA/2/2026 PRINCIPAL COMMISSIONER OF INCOME TAX 1 KOLKATA VS VASA COMMERCIAL PVT LTD BEFORE : THE HON'BLE JUSTICE RAJARSHI BHARADWAJ And THE HON’BLE JUSTICE UDAY KUMAR Date : 18th March, 2026 Appearance : Mr. Prithu Dudheria, Adv. …for appellant. Mr. Subash Agarwal, Adv. (VC) …for respondent. The Court : There is a delay of 42 days in filing the appeal. We are satisfied with the explanation offered for not preferring the appeal within time. Therefore, the delay is condoned. The application is allowed. IA No.GA/1/2026 is disposed of. Learned counsel appearing for the appellant submits that the tax effect in the instant appeal is Rs.10,60,150/- for the Assessment Year 2012-13. Although the tax effect in the instant case is less than the prescribed limit of CBDT Circular but the instant case falls under the exceptional clause (h) of Para No.3.1 of the CBDT’s latest Circular No.05/2024 dated 15.03.2024. 2 Perused the application and the impugned order of assessment as well as the Tribunal’s order dated 17th March, 2025. We do not find any application of the exceptional clause which may merit for consideration of the matter which is below the monetary limit as prescribed in the Circular No.05/2024 dated 15.3.2024. Thus, the appeal and the application [GA/2/2026] stand dismissed. (RAJARSHI BHARADWAJ, J.) (UDAY KUMAR, J.) sd/