2018 (8) TMI 154 - SCH - Income Tax

Addition made on account of accrued interest on loans treated as Non Performing Assets - violation of Section 145 - maintainability of appeal - Held that - In view of Circular No. 3 of 2018 dated 11.07.2018 passed by the Ministry of Finance, Department of Revenue, Central Board Direct Taxes, Government of India regarding low tax effect, this petition is dismissed as withdrawn.

Summary

The Supreme Court of India dismissed the petition in a case due to low tax effect based on Circular No. 3 of 2018 issued by the Ministry of Finance, Department of Revenue, Central Board Direct Taxes, Government of India. The Respondent did not appear.