https://www.taxtmi.com/caselaws?id=28301 For penalty under section 271(1)(a), tax paid pursuant to a provisional assessment under section 141 was not deductible from the assessed tax when computing the penalty base. The retrospective amendment required penalty to be calculated with reference to assessed tax, and the Explanation confined deductions to tax deducted at source under Chapter XVII-B and advance tax under Chapter XVII-C. Tax paid on provisional assessment was treated as tax paid on assessment, but it did not fall within either permitted deduction. The question was answered against the assessee. en-us Wed, 21 Oct 1981 00:00:00 +0530 Sat, 20 Feb 2010 12:29:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28301 For penalty under section 271(1)(a), tax paid pursuant to a provisional assessment under section 141 was not deductible from the assessed tax when computing the penalty base. The retrospective amendment required penalty to be calculated with reference to assessed tax, and the Explanation confined deductions to tax deducted at source under Chapter XVII-B and advance tax under Chapter XVII-C. Tax paid on provisional assessment was treated as tax paid on assessment, but it did not fall within either permitted deduction. The question was answered against the assessee. Case-Laws Income Tax Wed, 21 Oct 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28301