2018 (11) TMI 1072 - SCH - Income Tax

Reopening of assessment - notice issued after four years - disallowance of claim of expenditure of 30% of the receipts - Held that - In view of the fact that the tax effect in the present case is below the threshold of ₹ 1 crore, we are not entertaining the special leave petition. The special leave petition is, accordingly, dismissed on the ground of low tax effect.