Dismissed¶12
Cit v. Sunstar Overseas Ltd.
Delhi HCITA/60/2011
Case brief
AI extract
What is this about?
Delhi High Court order dated 09.01.2025 dismissing ITA 60/2011 (CIT v. Sunstar Overseas Ltd.) solely on ground of low tax effect below the INR 2 crore threshold per Circular No. 9/2024 dated 17 September 2024; proposed questions of law kept open; no precedent engaged; bench: Yashwant Varma and Harish Vaidyanathan Shankar.
What did the court decide?
Since the tax effect of the appeal falls below INR 2 Crores and is therefore not liable to be continued under Circular No. 9/2024 dated 17 September 2024, the appeal is dismissed on the ground of low tax effect. ¶12