2020 (3) TMI 693 - SCH - Income Tax

Maintainability of appeal - low tax effect - HELD THAT - Though the entire tax effect in the present matter has been stated to be to the tune of 11.21 crores it is admitted that in respect of question as framed at page 49 the tax effect is less than 2 crores. We see no reason to interfere in the matter. This special leave petition is accordingly dismissed.

Summary

Title: Supreme Court of India Judgment Citation: 2020 (3) TMI 693 - SC Order

Judges: Uday Umesh Lalit And Vineet Saran, JJ.

Parties: Petitioner represented by Arijit Prasad, Sr. Adv., D.L. Chidananda, Ms. Sunita Rani Singh, Advs., and Mrs. Anil Katiyar, AOR; Respondent represented by Amar Dave, Adv., P.S. Sudheer, AOR, Rishi Maheshwari, Ms. Mayuri Nayyar Chawla, Ms. Anne Mathew, and Ms. Shruti Jose, Advs.

Key Points: Delay condoned. Tax effect less than Rs. 2 crores for the question at page 49. No interference in the matter. Special leave petition dismissed. Pending application(s) disposed of.