https://www.taxtmi.com/acts?id=19636 Amendment to Explanation 4 prescribes a formula to determine the amount of tax sought to be evaded by aggregating: (A-B) the incremental tax under general provisions and (C-D) the incremental tax under section 115JB/115JC, with a proviso against double reduction where concealed income is considered under both heads and exclusion of (C-D) if the special provisions do not apply; special rules modify the first component when concealed income reduces or reverses a declared loss, and Explanation 3 cases require reduction for taxes already paid prior to a section 148 notice. en-us Thu, 07 May 2015 14:25:08 +0530 Sat, 09 May 2015 12:32:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=19636 Amendment to Explanation 4 prescribes a formula to determine the amount of tax sought to be evaded by aggregating: (A-B) the incremental tax under general provisions and (C-D) the incremental tax under section 115JB/115JC, with a proviso against double reduction where concealed income is considered under both heads and exclusion of (C-D) if the special provisions do not apply; special rules modify the first component when concealed income reduces or reverses a declared loss, and Explanation 3 cases require reduction for taxes already paid prior to a section 148 notice. Act-Rules F. Acts / Amendment Acts Thu, 07 May 2015 14:25:08 +0530 https://www.taxtmi.com/acts?id=19636