2003 (4) TMI 18

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... learned counsel for the respondent, on advance copy. Heard on admission. This order shall also govern disposal of (I.T.A. No. 17 of 2003-Prithviraj Chouhan v. CIT; I.T.A. No. 18 of 2003-Prithviraj Chouhan v. CIT; I.T.A. No. 19 of 2003-Prithviraj Chouhan v. CIT; I.T.A. No. 20 of 2003-Rajendra Kumar Chouhan v. CIT; I.T.A. No. 21 of 2003 Prem Kishore Chouhan v. CIT; I.T.A. No. 22 of 2003-Prem ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....om April 1, 1989, by the Finance Act, 2001. The said Explanation has been made effective retrospectively with effect from April 1, 1989. By this Explanation 1 it has been clearly mentioned that the "assessed" tax means the tax on the total income determined under sub-section (1) of section 143 or on regular assessment as reduced by the amount of tax deducted or collected at source in accordance wi....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... rectification application, which is in challenge before us. After having heard learned counsel for the appellant and after perusal of the record, we find that no substantial question of law is involved in this appeal and the connected appeals. There is no dispute as to the fact that Explanation 1 substituted in section 234B of the Act was not brought to the notice of the Tribunal or due to ove....