Supreme Court Dismisses Petition Due to Tax Effect Below Threshold; Pending Applications Also Disposed Of

The SC dismissed the Special Leave Petition due to the "tax effect" being Rs 75.17 lakhs, which is below the threshold for such cases. Consequently, the petition was not entertained further, and any pending applications related to the case were also disposed of.

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Citation: 2022 (7) TMI 1574 - SC Order "Since the tax effect is Rs 75.17 lakhs and is below the threshold, the Special Leave Petition is dismissed on that ground." The Court dismissed the Special Leave Petition solely because the assessed tax effect (Rs 75.17 lakhs) falls below the jurisdictional threshold for grant of special leave. The order disposes of any pending applications. The decision rests on threshold jurisdictional limits tied to the tax effect rather than merits of the underlying dispute.

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