TMI Blog2002 (9) TMI 35X X X X Extracts X X X X X X X X Extracts X X X X ..... on ? - (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 qu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on a business in which it incurred loss. However, it had income from other activities. The Assessing Officer imposed the maximum marginal rate of tax of the total income on the ground that the assessee was engaged in business. The assessee sought for rectification of the order on the ground that there was an error apparent on the face of the record, inasmuch as section 161(1A) refers to "income" ..... X X X X Extracts X X X X X X X X Extracts X X X X
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