Dismissed¶12
Principal Commissioner of Income Tax, Delhi - 07 v. M/S PNB Housing Finance Ltd.
Delhi HCITA/154/2022
Case brief
AI extract
What is this about?
ITA 154/2022; High Court of Delhi; Principal Commissioner of Income Tax Delhi-07 v. M/s PNB Housing Finance Ltd.; dismissal of income tax appeal on ground of low tax effect; tax effect below INR 2 crores; Circular No. 9/2024 dated 17 September 2024; questions of law kept open; hearing dated 01.04.2025 cancelled; bench of Yashwant Varma and Harish Vaidyanathan Shankar JJ.; order dated 12.02.2025.
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 the provisions made in Circular No. 9/2024 dated 17 September 2024. ¶11