2016 (8) TMI 650

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..... r passed under the provisions of Section 260A of the Income Tax Act, 1961. Held that:- Before this Court, an affidavit has been filed by the Revenue explaining how the notional tax effect is far beyond the amount of ₹ 2,00,000/- (Rupees two lakh). Moreover, in Commissioner of Income Tax Vs. Meghalaya Steels Ltd., [2015 (8) TMI 525 - SUPREME COURT ] a view has been taken by this Court that .....

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..... spondent : Mr. Rustom B. Hathikhanawala, Adv. Mr. Ninad Laud, Adv. Mr. Karan Mathur, Adv. Mr. Jayant Mohan, Adv. ORDER C.A. Nos. of 2016 (@ SLP(C) Nos. 18119-18120/2013] 1. Leave granted. 2. The High Court by the order dated 25th August, 2010 has disposed of the appeal filed by the Revenue without entering into the merits on the ground that the tax demand which forms the subject mat .....

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..... both the orders dated 25th August, 2010 and 28th March, 2012 passed by the High Court in Tax Appeal No.7 of 2004 and Civil Application (Review) No.26 of 2010 respectively and request the High Court to decide the review petition and thereafter the appeal itself, if so required, on merits. We also make it clear that we have expressed no opinion on the merits of any of the contentions of the parties .....

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