https://www.taxtmi.com/caselaws?id=348947 The High Court upheld the Tribunal's decision and dismissed the Tax Appeal, ruling that the Revenue failed to prove the assessee attempted to evade tax lawfully payable. The Court emphasized the necessity of establishing tax evasion to invoke section 143(1A) and clarified that mere adjustments in returns without intent to evade tax do not warrant additional tax imposition. en-us Mon, 25 Sep 2017 00:00:00 +0530 Thu, 31 May 2018 14:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348947 The High Court upheld the Tribunal's decision and dismissed the Tax Appeal, ruling that the Revenue failed to prove the assessee attempted to evade tax lawfully payable. The Court emphasized the necessity of establishing tax evasion to invoke section 143(1A) and clarified that mere adjustments in returns without intent to evade tax do not warrant additional tax imposition. Case-Laws Income Tax Mon, 25 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348947