Dismissed¶12
Cit v. Cray Research India Ltd.
Delhi HCITA/62/2012
Case brief
AI extract
What is this about?
Delhi High Court, ITA 62/2012, CIT vs Cray Research India Ltd, order dated 14.01.2025, coram Yashwant Varma and Harish Vaidyanathan Shankar, JJ. Appeal dismissed for low tax effect below INR 2 crores in terms of Circular No. 9/2024 dated 17 September 2024; questions of law kept open. Keywords: tax effect, monetary limit, Circular 9/2024, income-tax appeal, dismissal.
What did the court decide?
The tax effect forming the subject matter of the appeal falls below INR 2 crores and, in light of Circular No. 9/2024 dated 17 September 2024, the appeal is not liable to be continued and is dismissed on the ground of low tax effect. ¶11