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<h1>Supreme Court dismisses special leave petition due to low tax impact, condones delay, resolves pending applications.</h1> <h3>PR. COMMISSIONER OF INCOME TAX 2 Versus GUJARAT LEASE FINANCING LTD.</h3> The Supreme Court disposed of a special leave petition citing low tax effect, condoning the delay and resolving pending applications accordingly. The ... Bad debt claim - treating the hire purchases as stock in trade - “theory of apportionment” of expenses - Addition u/s 14A and depreciation - HC deleted addition - HELD THAT:- SLP disposed of owing to low tax effect. The Supreme Court, in a judgment with citation 2023 (10) TMI 571 - SC, disposed of a special leave petition due to low tax effect. The delay was condoned, and pending applications were also disposed of. The petitioner's counsel submitted that the petition could be resolved considering its low tax impact.