TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
When case Id is present, search is done only for this
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Case Laws
of of All Case Laws
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Supreme Court Dismisses Petition Due to Low Tax Effect, Leaves Key Legal Question Unresolved for Future Cases.</h1> <h3>COMMISSIONER OF INCOME TAX, AHMEDABAD-III Versus NIRMA LTD.</h3> The SC dismissed the SLP due to the tax effect being below the statutory threshold. The legal question remains unresolved, and all pending applications ... Maintainability of appeal before SC on tax effect - income qualification for deduction u/s 80HHC of the Act - excluding the net profit or gross profit - Benefit of netting - HELD THAT:- As petitioner states that there is no reason to dispute the tax effect calculation submitted by the learned counsel appearing for the respondent. The tax effect is below the threshold limits. Therefore, the Special Leave Petition is disposed of. However, question of law, if any, is kept open. The Supreme Court disposed of the Special Leave Petition as the tax effect was below threshold limits. The question of law remains open, and any pending applications are disposed of.
TaxTMI 
TaxTMI 
