Commissioner of Income Tax v. G.E. Capital Transportation Financial Services Ltd.
Income Tax Appeal – dismissal on low tax effect
Case brief
What is this about?
Delhi High Court order dated 07.02.2025 in ITA 1267/2007 (Commissioner of Income Tax, appellant vs. G.E. Capital Services India, respondent; counsel for respondent: Ms. Disha Jham, Mr. Devansh Jain). Appeal dismissed solely on ground of low tax effect (below INR 2 Crores) per Circular No. 9/2024 dated 17 September 2024; proposed questions of law expressly kept open; no merits adjudicated; bench: Hon'ble Mr. Justice Yashwant Varma and Hon'ble Mr. Justice Harish Vaidyanathan Shankar. Keywords: tax effect, monetary limit circular, dismissal, questions of law open.
What did the court decide?
The tax effect which forms the subject matter of the appeal falls below INR 2 Crores and, in light of Circular No. 9/2024 dated 17 September 2024, the appeal is not liable to be continued. ¶11