https://www.taxtmi.com/caselaws?id=60937 The Tribunal allowed the department's appeal, setting aside the CIT(A)'s order. The Assessing Officer's decision to impose additional tax of Rs. 3,575 was restored, and the application under section 154 was rejected. The Tribunal held that the retrospective amendment to section 143(1A) applied, making the additional tax applicable even when the resultant figure remained a loss after adjustments. The CIT(A)'s direction to accept the application under section 154 was deemed incorrect in light of the retrospective amendment. en-us Tue, 30 Jun 1998 00:00:00 +0530 Sat, 08 Jan 2011 16:57:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60937 The Tribunal allowed the department's appeal, setting aside the CIT(A)'s order. The Assessing Officer's decision to impose additional tax of Rs. 3,575 was restored, and the application under section 154 was rejected. The Tribunal held that the retrospective amendment to section 143(1A) applied, making the additional tax applicable even when the resultant figure remained a loss after adjustments. The CIT(A)'s direction to accept the application under section 154 was deemed incorrect in light of the retrospective amendment. Case-Laws Income Tax Tue, 30 Jun 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60937