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2002 (2) TMI 38 - HC - Income TaxAssessment, Assessment By Intimation, Appeal, Additional Tax - "Whether, in the facts and circumstances of the case, the Tribunal was right in holding that the assessee is liable to pay additional income-tax under section 143(1A)(a) of the Act?" - the present case is a case where after adjustment, the returned income has merely reduced. Sub-section (1A) of section 143 of the Act did not cover such a situation permitting levy of additional income-tax as has been sought to be done in the present case. Therefore, impugned levy of additional income-tax does not have any legal sanction. For the aforesaid reasons, we set aside the order of the Tribunal
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