2023 (7) TMI 936 - SCH - Income Tax

Maintainability of appeal against HC - Low tax effect - Addition of Bogus LTCG - Addition deleted by the CIT (Appeals) also upheld by ITAT - HC confirmed ITAT order concluding no substantial question of law is involved - HELD THAT - As the petitioners very fairly submits that apart from there being a delay of 193 days in filing the special leave petition, the tax effect is made only Rs.1,75,000/-. His submission is placed on record. Hence, the special leave petition stands dismissed.

Summary

The Supreme Court dismissed the special leave petition due to a delay of 193 days in filing and a tax effect of Rs.1,75,000. Pending applications were disposed of.