Tax computation exclusion clarifies additional income-tax from specified assessments is excluded from tax on total income. The substituted explanation clarifies that "tax on total income as determined under regular assessment" excludes any additional income-tax payable under ... Summary
Tax computation exclusion clarifies additional income-tax from specified assessments is excluded from tax on total income.
The substituted explanation clarifies that "tax on total income as determined under regular assessment" excludes any additional income-tax payable under separate adjustment or recomputation assessments; additional income-tax arising under special assessment mechanisms is not included in the tax on total income used to compute interest under the penalty provision.
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