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of <h1>Supreme Court dismisses Special Leave Petition for low tax effect after delay.</h1> <h3>PRINCIPAL COMMISSIONER OF INCOME TAX Versus M/s FIIT JEET LTD.</h3> The Supreme Court dismissed the Special Leave Petition due to low tax effect after condoning the delay. - PRINCIPAL COMMISSIONER OF INCOME TAX Versus M/s ... Addition u/s 68 - assessee had claimed bogus expenses - CIT(A) deleted the additional sum after verifying the expenses and observing that the payments were made through banking channels and that the service providers, in respect to whom expenses were claimed, were income tax assessee - ITAT confirmed these findings - Held that:- Special Leave Petition is dismissed in view of the low tax effect. The Supreme Court dismissed the Special Leave Petition due to low tax effect after condoning the delay. (Case citation: 2018 (11) TMI 656 - SC)
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