Delhi HCITA/1365/2008
Case brief
AI extract
What is this about?
Division Bench of the Delhi High Court (Yashwant Varma and Harish Vaidyanathan Shankar, JJ.) on 10 February 2025 dismissed ITA 1365/2008 filed by the Commissioner of Income Tax against Monitor India Ltd. solely on the ground of low tax effect, the tax effect falling below INR 2 Crores in light of Circular No. 9/2024 dated 17 September 2024; the proposed questions of law were expressly kept open.
What did the court decide?
The tax effect forming the subject matter of the appeal falls below INR 2 Crores and the appeal is therefore not liable to be continued in light of Circular No. 9/2024 dated 17 September 2024. ¶9