Dismissal of Tax Appeal Upheld, Reassessment Ordered based on Prior Judgment

The SC dismissed the assessee's appeal on the validity of a show-cause notice, directing reassessment by the Assessing Officer based on a prior judgment. The HC ruling was affirmed, advising the assessee to engage with the Assessing Officer in penalty proceedings.

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The Supreme Court of India dismissed the assessee's civil appeal regarding the validity of a show-cause notice, directing the matter to be re-examined by the Assessing Officer in light of a previous judgment. The High Court's decision was upheld, instructing the assessee to approach the Assessing Officer in the penalty proceedings.

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