https://www.taxtmi.com/caselaws?id=27158 The amendment in section 271(1)(a) substituting "tax payable" with "tax assessed" was treated as retrospective and operating as if always in force. On that construction, amounts earlier paid under section 141 could not be deducted from the tax determined under section 143(3) while computing the penalty base. The result was that the deduction claimed against the penalty computation was rejected, and the question was answered in favour of the Revenue and against the assessee. en-us Tue, 09 Jul 1985 00:00:00 +0530 Thu, 11 Feb 2010 12:12:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27158 The amendment in section 271(1)(a) substituting "tax payable" with "tax assessed" was treated as retrospective and operating as if always in force. On that construction, amounts earlier paid under section 141 could not be deducted from the tax determined under section 143(3) while computing the penalty base. The result was that the deduction claimed against the penalty computation was rejected, and the question was answered in favour of the Revenue and against the assessee. Case-Laws Income Tax Tue, 09 Jul 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27158