https://www.taxtmi.com/caselaws?id=6033 Whether additional tax under s. 143(1A) can be levied where the assessee returned a net loss but the loss was reduced on prima facie adjustments under s. 143(1)(a). The SC held that the expression in s. 143(1A) covers cases where the returned loss is reduced due to adjustments made under s. 143(1)(a), treating such reduction as falling within the statutory ambit for levy of additional tax. Consequently, the challenge to the levy failed and the additional tax was upheld. en-us Wed, 21 Feb 2001 00:00:00 +0530 Wed, 07 Jan 2026 15:56:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6033 Whether additional tax under s. 143(1A) can be levied where the assessee returned a net loss but the loss was reduced on prima facie adjustments under s. 143(1)(a). The SC held that the expression in s. 143(1A) covers cases where the returned loss is reduced due to adjustments made under s. 143(1)(a), treating such reduction as falling within the statutory ambit for levy of additional tax. Consequently, the challenge to the levy failed and the additional tax was upheld. Case-Laws Income Tax Wed, 21 Feb 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6033