https://www.taxtmi.com/caselaws?id=20705 Additional tax under section 143(1A)(b) of the Income-tax Act could not survive after rectification under section 154 reduced the assessee's assessable income to nil. The rectification accepted the assessee's claim and, after adjustment of carried-forward losses, left no taxable income on which the earlier enhanced figure could support an additional levy. Continuing the charge on the pre-rectification amount was therefore erroneous and showed non-application of mind. The levy was set aside in favour of the assessee, and no refund issue arose because no additional tax had been paid. en-us Wed, 26 Aug 1992 00:00:00 +0530 Mon, 16 Nov 2009 17:00:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20705 Additional tax under section 143(1A)(b) of the Income-tax Act could not survive after rectification under section 154 reduced the assessee's assessable income to nil. The rectification accepted the assessee's claim and, after adjustment of carried-forward losses, left no taxable income on which the earlier enhanced figure could support an additional levy. Continuing the charge on the pre-rectification amount was therefore erroneous and showed non-application of mind. The levy was set aside in favour of the assessee, and no refund issue arose because no additional tax had been paid. Case-Laws Income Tax Wed, 26 Aug 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20705