2008 (4) TMI 38

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.... For the Respondent : None. ORDER 1. Leave granted. 2. The short question which arises for determination in these civil appeals is : whether the appellant-assessee was liable to pay additional tax on account of adjustment on its return for the assessment year 1996-97 and 1997-98 under Section 143(1)(a) read with Section 143(1A) of the Income-tax Act, 1961 vide order dated 17.12.1997. ....

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....re were several conflicting decisions on this point.  Therefore, according to appellant, Section 143(1)(a) was not applicable and consequently the appellant is not liable to pay additional tax under Section 143(1A).  At this stage, it may be noted that subsequently regular assessment was carried out by the ITO under Section 143(3).  We are not concerned in this case with regular ass....

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....artment to make adjustments in the income or loss declared in the return in cases of arithmetical errors or in cases where any loss carried forward or deduction or disallowance which on the basis of information available in such return was prima facie admissible but which was not claimed in the return or in cases where any loss carried forward, or deduction or allowance claimed in the return which....