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2002 (9) TMI 35 - HC - Income Tax"(i) Whether, on the facts and in the circumstances of the case, the Tribunal was right in confirming the action of the Assessing Officer in rejecting section 154 petition in spite of the background that section 154 petition was filed against section 143(1) intimation ? - (ii) Whether, on the facts and in the circumstances of the case, the Tribunal was right in confirming the action of the Assessing Officer in charging maximum marginal rate of tax in spite of income under the head 'Business' was loss ?" - The first question referred to us is answered in favour of the Revenue. The second question is returned as unanswered in view of the answer to the first question.
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