Supreme Court dismisses Special Leave Petition due to tax effect below Rs. 5 crore threshold; legal questions remain open. The SC, with Justices Abhay S. Oka and Ujjal Bhuyan presiding, disposed of a Special Leave Petition due to the tax effect being Rs. 62,52,661, which is ...
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Supreme Court dismisses Special Leave Petition due to tax effect below Rs. 5 crore threshold; legal questions remain open.
The SC, with Justices Abhay S. Oka and Ujjal Bhuyan presiding, disposed of a Special Leave Petition due to the tax effect being Rs. 62,52,661, which is below the Rs. 5 crore threshold as per circulars dated 15th March 2024 and 17th September 2024. The Court left any legal questions open, indicating they remain unresolved. A related pending application was also disposed of.
The Supreme Court, presided over by Hon'ble Mr. Justice Abhay S. Oka and Hon'ble Mr. Justice Ujjal Bhuyan, addressed a matter involving a tax effect of Rs. 62,52,661. The Court noted that, according to circulars dated 15th March, 2024, and 17th September, 2024, the threshold limit for challenging orders before the Supreme Court is Rs. 5 crores. Consequently, the Special Leave Petition was disposed of due to the tax amount being below the threshold. The Court stated, "question of law, if any, is kept open," indicating that any legal questions remain unresolved. A pending application related to the matter was also disposed of.
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