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September 2015

Special Leave Petition – Supreme Court refused to entertain the appeal, since the tax effect was nominal and the matter was very old.

By Kishore Karia Chartered Accountant Atul Jasani Advocate
Reading Time 1 mins
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CIT vs. Central Bank of India (2015) 373 ITR 524 (SC);
CIT vs. Dhanalakshmi Bank Ltd.(2015) 373 ITR 526 (SC);
CIT vs. Navodaya(2015) 373 ITR 637 (SC); and
CIT vs. Om Prakash Bagadia (HUF)(2015) 373 ITR 670 (SC)

The
Supreme Court refused to entertain the appeals having regard to the
fact that the tax effect was minimal leaving the question of law open.

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