https://www.taxtmi.com/caselaws?id=21278 The court ruled in favor of the Rajasthan State Electricity Board (RSEB), quashing the levy of additional tax under section 143(1A)(a) of the Income-tax Act. The court held that additional tax can only be imposed when adjustments lead to an increase in income beyond the declared amount, not in cases of losses. As the RSEB had shown a loss and adjustments did not result in increased income, the court allowed the writ petition, rejecting the imposition of additional tax and related intimation. en-us Tue, 19 Jan 1993 00:00:00 +0530 Sat, 21 Nov 2009 12:08:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21278 The court ruled in favor of the Rajasthan State Electricity Board (RSEB), quashing the levy of additional tax under section 143(1A)(a) of the Income-tax Act. The court held that additional tax can only be imposed when adjustments lead to an increase in income beyond the declared amount, not in cases of losses. As the RSEB had shown a loss and adjustments did not result in increased income, the court allowed the writ petition, rejecting the imposition of additional tax and related intimation. Case-Laws Income Tax Tue, 19 Jan 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21278