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2005 (2) TMI 68 - PUNJAB AND HARYANA HIGH COURTLeviability of additional tax – For the assessment year 1989-90, the appellant filed a return declaring losses. - Subsequently, it filed a revised return declaring loss of Rs. 1,07,35,100. The Assessing Officer issued notice to the appellant proposing to levy additional tax under section 143(A) on account of reduction in the net loss declared by it. - whether the amended section 143(1A) could be applied to the appellant's case in relation to the assessment year 1989-90. – It is well-settled that the provisions of the Act, as the same stand amended on the 1st day of April of any financial year, are applicable to the assessment of that year - the return for the assessment year 1989-90 must have been filed after April 1,1989. Therefore, the law as it was obtaining on April 1, 1989, i.e., the amended section 143(1A) of the Act was rightly applied by the Tribunal to the assessee's case – Assessee’s appeal is dismissed
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