https://www.taxtmi.com/article/detailed?id=6202 Substitution of Explanation 4 prescribes the amount of tax sought to be evaded as (A-B)+(C-D), where A/B relate to tax under general provisions and C/D to tax under sections 115JB/115JC; the C-D term is ignored if those provisions are inapplicable and special rules apply where concealed income reduces or converts declared losses. For cases under Explanation 3 the amount equals tax on total assessed income less specified pre-notice tax payments. The amendment is stated effective 1 April 2016. en-us Wed, 08 Apr 2015 06:25:09 +0530 Wed, 08 Apr 2015 06:25:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6202 Substitution of Explanation 4 prescribes the amount of tax sought to be evaded as (A-B)+(C-D), where A/B relate to tax under general provisions and C/D to tax under sections 115JB/115JC; the C-D term is ignored if those provisions are inapplicable and special rules apply where concealed income reduces or converts declared losses. For cases under Explanation 3 the amount equals tax on total assessed income less specified pre-notice tax payments. The amendment is stated effective 1 April 2016. Articles Income Tax Wed, 08 Apr 2015 06:25:09 +0530 https://www.taxtmi.com/article/detailed?id=6202