https://www.taxtmi.com/caselaws?id=168500 For computing carried-forward business loss, income that is includible only for rate purposes and not taxable in the assessee's hands does not reduce the loss; the carried-forward loss was therefore computed by excluding the unregistered firm income. A constitutional challenge to section 23A of the Income-tax Act, 1922, was rejected because the provision had already been upheld and was not treated as ultra vires. No appeal lay to the Appellate Assistant Commissioner against penal interest correctly computed under section 18A(6), because the appellate scheme did not confer a right of appeal merely by reason of the levy forming part of the assessment order. en-us Wed, 20 Jun 1962 00:00:00 +0530 Tue, 10 Mar 2015 14:55:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=168500 For computing carried-forward business loss, income that is includible only for rate purposes and not taxable in the assessee's hands does not reduce the loss; the carried-forward loss was therefore computed by excluding the unregistered firm income. A constitutional challenge to section 23A of the Income-tax Act, 1922, was rejected because the provision had already been upheld and was not treated as ultra vires. No appeal lay to the Appellate Assistant Commissioner against penal interest correctly computed under section 18A(6), because the appellate scheme did not confer a right of appeal merely by reason of the levy forming part of the assessment order. Case-Laws Income Tax Wed, 20 Jun 1962 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=168500