https://www.taxtmi.com/caselaws?id=20794 The High Court of Calcutta ruled in favor of the assessee, allowing the deduction of additional corporation tax amounting to Rs. 6,22,718 for the assessment year 1978-79. The Court emphasized that if the demand notice for tax was received during the relevant year, it should be considered in computing the total income of the assessee. The confusion over the nature of the notice did not impact the allowance of the deduction; the crucial factor was the year in which the revised assessment notice was received. The Court's decision was supported by Justice Bhagabati Prasad Banerjee, and no costs were awarded. en-us Tue, 20 Nov 1990 00:00:00 +0530 Tue, 17 Nov 2009 12:34:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20794 The High Court of Calcutta ruled in favor of the assessee, allowing the deduction of additional corporation tax amounting to Rs. 6,22,718 for the assessment year 1978-79. The Court emphasized that if the demand notice for tax was received during the relevant year, it should be considered in computing the total income of the assessee. The confusion over the nature of the notice did not impact the allowance of the deduction; the crucial factor was the year in which the revised assessment notice was received. The Court's decision was supported by Justice Bhagabati Prasad Banerjee, and no costs were awarded. Case-Laws Income Tax Tue, 20 Nov 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20794