High Court orders Tribunal to review additional tax issue under Income-tax Act due to 1993 Finance Act change.

The High Court directed the Tribunal to reconsider the question of additional tax under section 143(1A) of the Income-tax Act, 1961, in view of a 1993 Finance Act amendment, without making a court reference.

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The High Court directed the Income-tax Appellate Tribunal to reconsider a question regarding additional tax charged under section 143(1A) of the Income-tax Act, 1961, in light of an amendment made by the Finance Act, 1993. The Tribunal was instructed to review the matter instead of making a reference to the court.

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