2025 (2) TMI 197 - SCH - Income Tax

Maintainability of appeal on low tax effect - As in HC 2015 (7) TMI 1346 - BOMBAY HIGH COURT admission of appeal of substantial questions of law Question Nos. 1 2 3 4 and 6 HELD THAT - In view of the low tax effect the present appeals are disposed of without answering the question raised or examining the merits of the case. However liberty is granted to the Revenue to ask for recall of the present order in case the tax effect is found to be more or if the case(s) fall under any of the exceptions.

Summary

**Supreme Court Judgment Summary:**In the case presided over by Chief Justice Sanjiv Khanna, Justice Sanjay Kumar, and Justice K.V. Viswanathan, the Supreme Court addressed appeals concerning a "low tax effect." The Court decided to dispose of the appeals "without answering the question raised or examining the merits of the case." The Court granted "liberty to the Revenue" to request a recall of the order if the tax effect is later determined to be significant or if the case falls under specific exceptions. All pending applications related to these appeals are also disposed of.