https://www.taxtmi.com/caselaws?id=35515 Section 143(1A) is stated to apply where a prima facie adjustment under section 143(1)(a) increases income or reduces the loss returned, and a disallowance of excessive depreciation has that effect because depreciation forms part of the current-year income computation. The distinction between business loss and unabsorbed depreciation for carry-forward purposes under section 72 does not control the levy, because the relevant test is the immediate impact of the adjustment in the assessment year. On that basis, additional tax is leviable when a section 143(1)(a) adjustment reduces the returned loss by disallowing depreciation. en-us Mon, 05 Jan 2009 00:00:00 +0530 Fri, 12 Mar 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35515 Section 143(1A) is stated to apply where a prima facie adjustment under section 143(1)(a) increases income or reduces the loss returned, and a disallowance of excessive depreciation has that effect because depreciation forms part of the current-year income computation. The distinction between business loss and unabsorbed depreciation for carry-forward purposes under section 72 does not control the levy, because the relevant test is the immediate impact of the adjustment in the assessment year. On that basis, additional tax is leviable when a section 143(1)(a) adjustment reduces the returned loss by disallowing depreciation. Case-Laws Income Tax Mon, 05 Jan 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35515