https://www.taxtmi.com/caselaws?id=57618 The Tribunal allowed the appeals filed by the Revenue, upholding the levy of additional tax under section 143(1A) in all cases. The Tribunal concluded that the additional tax is valid even when the admitted loss is altered due to adjustments, emphasizing the binding decision of the Karnataka High Court supporting the constitutional validity of section 143(1A) in such instances. The Tribunal reversed the CIT(A)'s orders and upheld the Revenue's appeals, citing the retrospective amendment by the Finance Act, 1993, as clarifying the applicability of additional tax in cases of changing loss figures. en-us Mon, 19 Feb 2001 00:00:00 +0530 Sat, 11 Dec 2010 11:43:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57618 The Tribunal allowed the appeals filed by the Revenue, upholding the levy of additional tax under section 143(1A) in all cases. The Tribunal concluded that the additional tax is valid even when the admitted loss is altered due to adjustments, emphasizing the binding decision of the Karnataka High Court supporting the constitutional validity of section 143(1A) in such instances. The Tribunal reversed the CIT(A)'s orders and upheld the Revenue's appeals, citing the retrospective amendment by the Finance Act, 1993, as clarifying the applicability of additional tax in cases of changing loss figures. Case-Laws Income Tax Mon, 19 Feb 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57618