2023 (10) TMI 571 - SCH - Income Tax

Bad debt claim - treating the hire purchases as stock in trade - theory of apportionment of expenses - Addition u/s 14A and depreciation - HC deleted addition - HELD THAT - SLP disposed of owing to low tax effect.

Summary

The Supreme Court, in a judgment with citation 2023 (10) TMI 571 - SC, disposed of a special leave petition due to low tax effect. The delay was condoned, and pending applications were also disposed of. The petitioner's counsel submitted that the petition could be resolved considering its low tax impact.