https://www.taxtmi.com/forum/issue?id=106444 Calculation of penalty under section 271(1)(C) where assessment additions leave the assessee in a loss examines whether penalty is triggered and how the tax base for penalty is computed when taxable income remains nil or negative. The query also asks whether Chapter VI-A deductions are allowable for computing tax relevant to penalty and requests the meaning of "tax sought to be evaded" under Explanation 4(a) in that context. en-us Mon, 20 Jan 2014 20:34:32 +0530 Thu, 23 Jan 2025 15:57:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=106444 Calculation of penalty under section 271(1)(C) where assessment additions leave the assessee in a loss examines whether penalty is triggered and how the tax base for penalty is computed when taxable income remains nil or negative. The query also asks whether Chapter VI-A deductions are allowable for computing tax relevant to penalty and requests the meaning of "tax sought to be evaded" under Explanation 4(a) in that context. Discussion-Forum Income Tax Mon, 20 Jan 2014 20:34:32 +0530 https://www.taxtmi.com/forum/issue?id=106444