https://www.taxtmi.com/caselaws?id=11524 The court directed the Assessing Officer to reconsider the issue of additional tax under section 143(1A) in light of the arguments raised by the appellant and in accordance with the provisions of the Income-tax Act, 1961. The court emphasized that the provisions of section 143(1A) are attracted when there is an increase in income declared in the return or when the loss declared is reduced or converted into income due to adjustments, whether it is a case of income or loss. The court set aside previous orders and instructed a reevaluation of the appellant's liability to additional tax under section 143(1A). en-us Fri, 11 Apr 2003 00:00:00 +0530 Wed, 16 Dec 2009 16:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11524 The court directed the Assessing Officer to reconsider the issue of additional tax under section 143(1A) in light of the arguments raised by the appellant and in accordance with the provisions of the Income-tax Act, 1961. The court emphasized that the provisions of section 143(1A) are attracted when there is an increase in income declared in the return or when the loss declared is reduced or converted into income due to adjustments, whether it is a case of income or loss. The court set aside previous orders and instructed a reevaluation of the appellant's liability to additional tax under section 143(1A). Case-Laws Income Tax Fri, 11 Apr 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11524