Case Law › High Court › Pr. Commissioner Of Income Tax-7 v. Smr...

Pr. Commissioner Of Income Tax-7 v. Smr Automotive Systems India Ltd

High Court 07 Nov 2024 In favour of: Unclear

Forum / Bench

High Court · dhcdb

Parties

Date of order

07 Nov 2024

Assessment year(s)

—

Outcome

Other

The order — as passed by the High Court

Case summary

In Pr. Commissioner Of Income Tax-7 v. Smr Automotive Systems India Ltd, the High Court (2024) decided the matter.

Decision: 4.Accordingly, the present appeal is disposed of on account of low tax effect.

Summary auto-generated from the order below — read the full judgment for the complete reasoning.

$~22 IN THE HIGH COURT OF DELHI AT NEW DELHI + ITA 164/2023 PR. COMMISSIONER OF INCOME TAX-7 .....Appellant Through: Appearance not given. versus SMR AUTOMOTIVE SYSTEMS INDIA LTD. .....Respondent Through: Appearance not given. CORAM:HON'BLE MR. JUSTICE VIBHU BAKHRUHON'BLE MS. JUSTICE SWARANA KANTA SHARMA O R D E R% 07.11.2024 1.The learned counsel appearing for the Revenue states that the tax effect in the present case is ₹1,99,53,718/-. 2. The learned counsel appearing for the assessee submits that it is less than the said amount. 3. It is not necessary to examine this controversy as the tax effect is below the threshold limit of ₹2,00,00,000/- as specified in the circular dated 17.09.2024 and the matter involved is also not covered under any of the exceptions, as specified in the said circular. 4.Accordingly, the present appeal is disposed of on account of low tax effect. VIBHU BAKHRU, J NOVEMBER 07, 2024/A SWARANA KANTA SHARMA, J Click here to check corrigendum, if any

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