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of <h1>SC Disposes Low Tax Effect Appeals, Allows Recall if Tax Effect Changes; Pending Applications Resolved</h1> In a case before the SC, the Court addressed appeals concerning a 'low tax effect' and decided to dispose of the appeals without addressing the questions ... Maintainability of appeal on low tax effect - As in HC [2015 (7) TMI 1346 - BOMBAY HIGH COURT] admission of appeal of substantial questions of law[Question Nos. 1, 2, 3, 4 and 6] HELD THAT:- In view of the low tax effect, the present appeals are disposed of without answering the question raised or examining the merits of the case. However, liberty is granted to the Revenue to ask for recall of the present order in case the tax effect is found to be more or if the case(s) fall under any of the exceptions. 'In view of the low tax effect, the present appeals are disposed of without answering the question raised or examining the merits of the case.' The Supreme Court disposed the appeals on the basis of minimal tax impact, refraining from adjudicating the substantive issue or merits. The Court granted procedural relief to the Revenue: 'liberty is granted to the Revenue to ask for recall of the present order in case the tax effect is found to be more or if the case(s) fall under any of the exceptions.' All pending applications stand disposed of. The disposition is therefore interlocutory and conditional, allowing recall if material tax consequences or specified exceptions emerge, thereby conserving judicial resources while preserving the Revenue's right to seek reconsideration should circumstances change.
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