https://www.taxtmi.com/caselaws?id=58913 The Tribunal upheld the Assessing Officer's jurisdiction under section 154 and the levy of additional tax under section 115J. It ruled that deductions under section 80HHC cannot be claimed if not allowed in the regular assessment, emphasizing that deductions are only permissible on positive gross total income. The Tribunal rejected the appellant's argument that deductions under section 80HHC should precede set off of losses, citing Supreme Court decisions. The appeal challenging the tax levy under section 115J was dismissed, affirming the revised assessment and additional tax imposition. en-us Tue, 29 Jun 1993 00:00:00 +0530 Wed, 22 Dec 2010 17:35:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58913 The Tribunal upheld the Assessing Officer's jurisdiction under section 154 and the levy of additional tax under section 115J. It ruled that deductions under section 80HHC cannot be claimed if not allowed in the regular assessment, emphasizing that deductions are only permissible on positive gross total income. The Tribunal rejected the appellant's argument that deductions under section 80HHC should precede set off of losses, citing Supreme Court decisions. The appeal challenging the tax levy under section 115J was dismissed, affirming the revised assessment and additional tax imposition. Case-Laws Income Tax Tue, 29 Jun 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58913