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of <h1>SC dismisses special leave petition for tax effect under Rs. 2 crores, leaving legal questions unresolved. Pending applications disposed.</h1> <h3>COMMISSIONER OF INCOME TAX-2, MUMBAI Versus M/s. HONGKONG AND SHANGHAI BANKING CORPORATION LTD.</h3> The SC dismissed the special leave petition due to tax effect being less than Rs. 2 crores. All legal questions are left unresolved, and pending ... Addition made on NRI Mobilization expenses - HELD THAT:- Delay condoned. 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 of India 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.
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