In this income tax appeal, the Delhi High Court observed that the tax effect fell below INR 2 Crores. Relying on Circular No. 9/2024, the Court dismissed the appeal on the ground of low tax effect, keeping proposed questions of law open for a future case.
The appeal is dismissed on the ground of low tax effect.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
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CIT .....Appellant
Through: Mr. Gaurav Gupta, SSC with Mr. Shivendra Singh & Mr. Yojit Pareek, JSCs
versus
SUNSTAR OVERSEAS LTD .....Respondent Through: Mr. Ajay Vohra, Ms. Kavita Jha and Mr. Somnath Shukla, Advs.
CORAM:
HON'BLE MR. JUSTICE YASHWANT VARMA HON'BLE MR. JUSTICE HARISH VAIDYANATHAN SHANKAR
O R D E R % 09.01.2025
YASHWANT VARMA, J
HARISH VAIDYANATHAN SHANKAR, J
JANUARY 9, 2025/v
This is a digitally signed order.
The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 24/01/2025 at 12:39:01
1 issue framed by the court
Whether an appeal regarding tax effect below INR 2 Crores should be continued after Circular No. 9/2024.
CIT
Sunstar Overseas Ltd
Yashwant Varma
Harish Vaidyanathan Shankar
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
