Supreme Court India grants leave after delay, directs Tribunal to consider company's net worth. The Supreme Court of India condoned delay and granted leave in a case where the assessee's appeal was dismissed by the Tribunal for non-deposit of Rs. ...
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Supreme Court India grants leave after delay, directs Tribunal to consider company's net worth.
The Supreme Court of India condoned delay and granted leave in a case where the assessee's appeal was dismissed by the Tribunal for non-deposit of Rs. 1.40 Crores. The Court directed the Tribunal to determine the net worth of the company and either restore the appeal for further consideration or dismiss it based on the net worth. The Civil Appeal was disposed of accordingly.
The Supreme Court of India condoned delay and granted leave in a case where the assessee's appeal was dismissed by the Tribunal for non-deposit of Rs. 1.40 Crores. The Court directed the Tribunal to decide on the Modification Application and determine the net worth of the company. Depending on the net worth, the Tribunal will either restore the appeal for further consideration or dismiss it accordingly. The Civil Appeal was disposed of accordingly.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
