Supreme Court grants leave after condoning delay, directs Tribunal to assess net worth and decide on pending application

The Supreme Court condoned the delay and granted leave in a case where the Tribunal dismissed the assessee's appeal for non-deposit of 1.40 Crores. The Court directed the Tribunal to decide on the pending Modification Application and assess the net worth of the company. Depending on the findings, the Tribunal will either restore the appeal for further consideration or dispose of the modification application accordingly. The Civil Appeal was disposed of accordingly.

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The Supreme Court condoned the delay and granted leave in the case where the Tribunal dismissed the assessee's appeal for non-deposit of &8377; 1.40 Crores. The Court directed the Tribunal to decide on the pending Modification Application and assess the net worth of the company. Depending on the findings, the Tribunal will either restore the appeal for further consideration or dispose of the modification application accordingly. The Civil Appeal was disposed of accordingly.

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