SC Dismisses Special Leave Petition with Tax Effect Under Rs. 5 Crores, Citing Circular Dated 17th September 2024. In the SC judgment, the Court addressed a Special Leave Petition with a tax effect under Rs. 5 crores. Following the Circular dated 17th September 2024, ...
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SC Dismisses Special Leave Petition with Tax Effect Under Rs. 5 Crores, Citing Circular Dated 17th September 2024.
In the SC judgment, the Court addressed a Special Leave Petition with a tax effect under Rs. 5 crores. Following the Circular dated 17th September 2024, the Court chose not to entertain the petition, leading to its disposal. The Court left any potential "question of law" unresolved and disposed of any pending applications related to the case.
In the Supreme Court judgment presided over by Justices Abhay S. Oka and Nongmeikapam Kotiswar Singh, the Court addressed a Special Leave Petition. The tax effect in the case was determined to be less than Rs. 5 crores. Consequently, pursuant to the Circular dated 17th September 2024, the Court decided not to entertain the petition, resulting in its disposal. The Court noted that any "question of law, if any, is kept open." Additionally, any pending applications related to the case were also disposed of.
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