TaxTMI 
TaxTMI 
2006 (6) TMI 62
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.... against the order of the Income-tax Appellate Tribunal, Madras 'C' Bench dated 24.01.2003 in ITA Nos.1163, 1164, 1165/97, raising the following substantial questions of law. "1. Whether in the facts and circumstances of the case, the Tribunal was right in admitting the additional ground raised by the assessee, to consider the issues not press....
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....round with regard to this aspect of the matter stating that this was so withdrawn as insisted upon by the learned counsel on the understanding that the amount added to a loss figure and still the income remaining a loss there would be no additional tax levied on the assessee. However, the decisions are ....
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....nbsp; insisting upon the issue on merits before the Commissioner of Income-tax (Appeals) should be considered favourably so that the appeal on that basis could be directed to be heard by the Commissioner of Income-tax (Appeals) on merits. The learned Departmental Representative strongly opposed the consideration of the additional ground as well as the affidavit. He fu....
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....urt in CIT v. Hindusthan Electro Graphites Ltd. [2000] 243 ITR 48 had observed, as was stated by the learned counsel and that subsequently in one other order the Supreme Court has also held that additional tax could be levied even where the returned loss is reduced. It can therefore be appreciated that the claim of ....