Dismissed¶2
Commissioner of Income Tax v. Basti Sugar Mills Co. Ltd.
Delhi HCITA/964/2007
Case brief
AI extract
What is this about?
Delhi High Court; ITA 964/2007; Commissioner of Income Tax (appellant) vs Basti Sugar Mills Co. Ltd (respondent); decided 06 February 2025; coram: Justice Yashwant Varma and Justice Harish Vaidyanathan Shankar; appeal dismissed on ground of low tax effect as tax effect fell below INR 2 Crores per Circular No. 9/2024 dated 17 September 2024; proposed questions of law kept open; respondent appearance not given; appellant represented by Debesh Panda (SSC), Zehra Khan and Vikramaditya Singh (JSCs).
What did the court decide?
The Court held that the tax effect forming the subject matter of the appeal falls below INR 2 Crores and therefore the appeal would not be liable to be continued in light of the provisions of Circular No. 9/2024 dated 17 September 2024. ¶1