https://www.taxtmi.com/caselaws?id=68527 The Tribunal held that the amended provision of section 143(1A) applies even when the resultant income remains a loss after prima facie adjustment. The levy of additional tax under section 143(1A) was deemed proper, and the Tribunal declined to interfere with the CIT(A)'s order. Regarding the validity of the intimation issued under section 143(1)(a) after the notice under section 143(2) had been served, the Tribunal found the intimation to be invalid due to the sequence of events. Consequently, the Tribunal ordered the quashing of the prima facie adjustment and intimation, allowing the appeal of the assessee based on the findings related to the second issue. en-us Thu, 05 Jun 2003 00:00:00 +0530 Tue, 19 Jun 2012 13:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68527 The Tribunal held that the amended provision of section 143(1A) applies even when the resultant income remains a loss after prima facie adjustment. The levy of additional tax under section 143(1A) was deemed proper, and the Tribunal declined to interfere with the CIT(A)'s order. Regarding the validity of the intimation issued under section 143(1)(a) after the notice under section 143(2) had been served, the Tribunal found the intimation to be invalid due to the sequence of events. Consequently, the Tribunal ordered the quashing of the prima facie adjustment and intimation, allowing the appeal of the assessee based on the findings related to the second issue. Case-Laws Income Tax Thu, 05 Jun 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68527