Supreme Court dismisses appeal over tax amount, leaves legal questions open. Competent authority to decide subsequent assessments.

The Supreme Court dismissed the appeal due to a tax effect of about Rs. 78,000. Questions of law raised were left open. Show cause notices for subsequent Assessment Years to be decided by competent authority on their own merits and in accordance with the law.

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The Supreme Court dismissed the appeal due to a tax effect of about Rs. 78,000. Questions of law raised were left open. Show cause notices for subsequent Assessment Years to be decided by competent authority on their own merits and in accordance with the law.

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