Your question is off, since Count: Count does nothing in the code you show. Rather, what acts is Count:Count + len(Command). That would be better written as Count: (Count+len(Command)).
Both CommandList and Command are strings or lists or similar data types (I'll say strings hereafter), while Count is an integer. In particular, Count is an index into CommandList.
The expression CommandList[Count:Count + len(Command)] is a slice of CommandList. In other words, that expression is a sub-string of the string CommandList. That sub-string begins at the index position held in Count and stops just before the index position Count + len(Command). That sub-string has the same length that the string Command has.
Therefore the entire line
if CommandList[Count:Count + len(Command)] == Command:
checks if the sub-string pointed to by variable Count is equal to the string Command. If the sub-string and the string are equal, the next line executes, namely the return statement.
Is that clear? Read up more on Python's slices--the link I gave you is a good start. Slices are just one reason Python handles lists and strings so much better than most other languages. The code is written a little confusingly, so it looks like Count:Count is an expression in itself. The code should have used different spacing and perhaps parentheses to show that the inner expression is Count + len(Command) and the colon is used after that. Order of operations shows itself again!