Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2009 (12) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2009 (12) TMI 7 - HIGH COURT OF ALLAHABADAdjustment under section 143(1)(a) – effect of retrospective amendment - provisions of Section 143(1A)(B) of the Income Tax Act, 1961 substituted by the Finance Act, 1993 with retrospective effect from 01.04.1989 – AO made the addition but CIT(A) deleted the addition made u/s 143(1)(a) – ITAT confirmed the order of CIT(A) as valid – held that - Tribunal was not justified in deleting the additional tax levied upon the respondent/assessee. However, it was pointed out by the learned counsel for assessee that an application for rectification under Section 154 of the Act was filed. The said application is still pending consideration. Filing of the said application also finds place in the statement of the case. The authority concerned is therefore, to pass an appropriate order on the said application if the said application is pending consideration. – ACIT Vs. J.K. Synthetics Ltd. [2008 -TMI - 6033 - SUPREME Court]
|