https://www.taxtmi.com/caselaws?id=117404 The Tribunal held that the prima facie adjustment made by the Assessing Officer and the consequent levy of additional tax were unjustified. The assessee's appeals were allowed, recognizing that the return filed was correct per the law prevailing at the time. The Tribunal emphasized that a revised return could not be expected when the original return was accurate and the law was amended retrospectively. en-us Fri, 09 Sep 2005 00:00:00 +0530 Fri, 22 Jun 2012 14:25:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=117404 The Tribunal held that the prima facie adjustment made by the Assessing Officer and the consequent levy of additional tax were unjustified. The assessee's appeals were allowed, recognizing that the return filed was correct per the law prevailing at the time. The Tribunal emphasized that a revised return could not be expected when the original return was accurate and the law was amended retrospectively. Case-Laws Income Tax Fri, 09 Sep 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=117404