https://www.taxtmi.com/caselaws?id=57230 The Appellate Tribunal affirmed the decision to charge additional tax under section 143(1A) of the Income Tax Act in a case where the declared loss was reduced after processing, clarifying that no additional tax is leviable if the resultant figure remains a loss after adjustments. The Tribunal relied on legislative provisions and relevant case laws to support its conclusion, rejecting the applicability of cited cases by the assessee and upholding the authorities' decision to impose the additional tax. en-us Thu, 23 Apr 1998 00:00:00 +0530 Thu, 09 Dec 2010 10:43:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57230 The Appellate Tribunal affirmed the decision to charge additional tax under section 143(1A) of the Income Tax Act in a case where the declared loss was reduced after processing, clarifying that no additional tax is leviable if the resultant figure remains a loss after adjustments. The Tribunal relied on legislative provisions and relevant case laws to support its conclusion, rejecting the applicability of cited cases by the assessee and upholding the authorities' decision to impose the additional tax. Case-Laws Income Tax Thu, 23 Apr 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57230