Dismissed¶12
Dit v. Nimbus Sport International Pte Ltd.
Delhi HCITA/405/2012
Case brief
AI extract
What is this about?
Delhi High Court, ITA 405/2012 & CM APPL. 11604/2012, DIT (appellant) v. Nimbus Sport International Pte Ltd (respondent); appeal dismissed on ground of low tax effect as tax effect falls below INR 2 Crores per Circular No. 9/2024 dated 17 September 2024; questions of law kept open; coram Yashwant Varma and Harish Vaidyanathan Shankar, JJ.; decided 15.01.2025.
What did the court decide?
The tax effect forming the subject matter of the appeal falls below INR 2 Crores and the appeal would therefore not be liable to be continued in light of the provisions of Circular No. 9/2024 dated 17 September 2024. ¶11