https://www.taxtmi.com/caselaws?id=367147 The Supreme Court dismissed the Special Leave Petition on an administrative threshold ground because the tax effect was below the monetary limit and the matter fell within the CBDT circular for low-tax-effect cases. The Court did not examine the merits of the dispute and expressly left the substantive question of law open for future consideration. The dismissal therefore reflects only the operation of the circular and the Court's discretion in matters of insignificant tax consequence, without any adjudication on the underlying legal issue. en-us Fri, 07 Sep 2018 00:00:00 +0530 Sat, 15 Sep 2018 07:40:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367147 The Supreme Court dismissed the Special Leave Petition on an administrative threshold ground because the tax effect was below the monetary limit and the matter fell within the CBDT circular for low-tax-effect cases. The Court did not examine the merits of the dispute and expressly left the substantive question of law open for future consideration. The dismissal therefore reflects only the operation of the circular and the Court's discretion in matters of insignificant tax consequence, without any adjudication on the underlying legal issue. Case-Laws Income Tax Fri, 07 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367147