https://www.taxtmi.com/caselaws?id=66094 The Tribunal held that Sections 115J and 143(1)(a) of the Income Tax Act can be simultaneously applied, rejecting the CIT (Appeals) view. It determined that the adjustments made were not disallowable claims and did not warrant additional tax. As the adjustments did not increase the total income, additional tax was not levied. The Tribunal also noted that the adjustments were not repeated in the final assessment under Section 143(3), leading to the deletion of additional tax as per Section 143(1A)(b) and supported by CBDT Circular No. 636. The Revenue's appeal was dismissed. en-us Wed, 25 Oct 1995 00:00:00 +0530 Mon, 21 Feb 2011 14:37:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66094 The Tribunal held that Sections 115J and 143(1)(a) of the Income Tax Act can be simultaneously applied, rejecting the CIT (Appeals) view. It determined that the adjustments made were not disallowable claims and did not warrant additional tax. As the adjustments did not increase the total income, additional tax was not levied. The Tribunal also noted that the adjustments were not repeated in the final assessment under Section 143(3), leading to the deletion of additional tax as per Section 143(1A)(b) and supported by CBDT Circular No. 636. The Revenue's appeal was dismissed. Case-Laws Income Tax Wed, 25 Oct 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66094