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of <h1>Supreme Court dismisses special leave petition on tax grounds, leaves legal question open. Pending applications disposed.</h1> <h3>PRINCIPAL COMMISSIONER OF INCOME TAX-2, AHMEDABAD Versus MUKESH RAMANLAL PRAJAPATI</h3> The Supreme Court of India dismissed the special leave petition due to low tax effect, leaving the question of law open. Pending applications were also ... Penalty u/s. 271AAA - disclosure as undisclosed income - Held that:- The special leave petition is dismissed because of low tax effect, leaving the question of law open. The Supreme Court of India dismissed the special leave petition due to low tax effect, leaving the question of law open. Pending applications were also disposed of. (2018 (7) TMI 1345 - SC)
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