Dismissed¶12
Cit v. Cray Research India Ltd.
Delhi HCITA/64/2012
Case brief
AI extract
What is this about?
Low tax effect dismissal of income-tax appeal ITA 64/2012 (CIT v. Cray Research India Ltd) by Delhi High Court on 14.01.2025 (bench: Yashwant Varma and Harish Vaidyanathan Shankar, JJ.), applying the INR 2 Crore tax-effect ceiling under Circular No. 9/2024 dated 17 September 2024; proposed questions of law kept open; respondent appearance not given.
What did the court decide?
Since the tax effect forming the subject matter of the appeal falls below INR 2 Crores, the appeal is not liable to be continued in light of Circular No. 9/2024 dated 17 September 2024, and is consequently dismissed on the ground of low tax effect. ¶12