Tax effect less than Rupees Ten Lakhs: SC dismisses SLP filed by Income Tax Dept
SC dismissed SLP filed by the Income Tax Department as the tax effect less than rupees ten lakhs
The Supreme Court of India dismissed the special leave petition (SLP) filed by the Income Tax Department as the tax effect less than rupees ten lakhs. The SLP arose out of impugned final judgment and order dated 06-05-2015 in ITA No. 172/2004 passed by the High Court of Judicature at Allahabad. In the impugned order, the High Court has noted that the tax effect is of an amount which is...
The Supreme Court of India dismissed the special leave petition (SLP) filed by the Income Tax Department as the tax effect less than rupees ten lakhs.
The SLP arose out of impugned final judgment and order dated 06-05-2015 in ITA No. 172/2004 passed by the High Court of Judicature at Allahabad. In the impugned order, the High Court has noted that the tax effect is of an amount which is less than Rs.10,00,000/-.
A Two-Judge Bench comprising Justice Abhay S Oka and Justice Ujjal Bhuyan observed that “Considering this factual aspect, we decline to entertain this petition. Accordingly, the Special Leave Petition is dismissed. However, the question of law is kept open. Pending application, if any, also stands disposed.”
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