Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2010 (11) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2010 (11) TMI 74 - HC - Income TaxDemand based of adjustment u/s 143(1A) - Held that: - The substituted sub-section (1A), therefore, made it clear that even where the loss declared by an assessee had been reduced by reason of adjustments made under sub-section (1)(a), the provisions of sub-section (1A) would apply. This being a retrospective amendment, it covers the controversy in this appeal and, therefore, the appeal would have to be decided in favour of the Revenue. - CIT(A) & ITAT order reversed.
|