Dismissed¶3
The Pr. Commissioner of Income Tax -Central -1 v. Luxor Writing Instruments Pvt. Ltd.
Delhi HCITA/167/2024
Case brief
AI extract
What is this about?
Low tax effect dismissal; Circular dated 17.09.2024 threshold ₹2,00,00,000/- (Rs. 2 crore); Pr. Commissioner of Income Tax Central-1 v Luxor Writing Instruments Pvt. Ltd.; ITA 167/2024, High Court of Delhi, decided 14.01.2025; impugned ITAT Delhi order dated 02.08.2023 in ITA No.6898/DEL/2019 for AY 2002-03; no substantive adjudication, no precedent discussed.
What did the court decide?
The present appeal is dismissed on account of low tax effect, the tax effect being below the threshold limit stipulated in the Circular dated 17.09.2024 and not covered by any exception in the circular. ¶3