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.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
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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