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<h1>SC dismisses SLP under Rs. 2 crore tax effect, legal queries open. Pending applications disposed.</h1> The SC dismissed the special leave petition due to the tax effect being below Rs. 2 crores, leaving all legal questions open. Pending applications were ... Reopening of assessment - notice beyond four years - interest on fixed deposit undisclosed - HELD THAT:- Since the tax effect involved in this matter is less than ₹ 2 crores, we see no reason to interfere in this matter. The special leave petition is dismissed, leaving all the questions of law open. The Supreme Court dismissed the special leave petition as the tax effect was less than Rs. 2 crores. All questions of law remain open. Pending applications are disposed of.