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of <h1>Supreme Court dismisses petition over low tax impact, condones delay, disposes pending applications.</h1> <h3>Commissioner of Income Tax Calicut Versus M/s Real Forts And Resorts Pvt Ltd</h3> The Supreme Court of India dismissed a special leave petition due to low tax effect. The delay was condoned, and pending applications were disposed of. - ... Addition to the profit on sale of the Pent House - block assessment under Section 158BB - Held that:- Delay condoned. Leaving the question of law open, this special leave petition is dismissed on the ground of low tax effect. Pending application(s), if any, shall also stand disposed of. The Supreme Court of India dismissed a special leave petition due to low tax effect. The delay was condoned, and pending applications were disposed of. The judgment was delivered by Mr. A.K. Sikri and Mr. Ashok Bhushan JJ.
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