SC Disposes Special Leave Petitions Due to Low Tax Effect; Legal Questions Open for Future Consideration. The SC, presided by Justices Abhay S. Oka and Ujjal Bhuyan, disposed of a series of Special Leave Petitions after the ASG conceded that the 'tax effect' ...
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SC Disposes Special Leave Petitions Due to Low Tax Effect; Legal Questions Open for Future Consideration.
The SC, presided by Justices Abhay S. Oka and Ujjal Bhuyan, disposed of a series of Special Leave Petitions after the ASG conceded that the "tax effect" was below the threshold limit outlined in the Circular dated 17th September, 2024. The Court maintained that any unresolved legal questions remain open for future consideration. All pending applications were also disposed of.
The Supreme Court, with Justices Abhay S. Oka and Ujjal Bhuyan presiding, addressed a group of Special Leave Petitions. The Additional Solicitor General (ASG) for the petitioner acknowledged that the "tax effect" involved in these petitions falls "below the threshold limit" as stipulated in the Circular dated 17th September, 2024. Consequently, the Court disposed of the Special Leave Petitions on this basis. Importantly, the Court noted that "the question of law, if any, is kept open," indicating that any unresolved legal issues may be addressed in future proceedings. All pending applications were also disposed of.
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