9911796707
TMI Blog2008 (4) TMI 38X X X X Extracts X X X X X X X X Extracts X X X X ..... ese civil appeals is : whether the appellant-assessee was liable to pay additional tax on account of adjustment on its return for the assessment year 1996-97 and 1997-98 under Section 143(1)(a) read with Section 143(1A) of the Income-tax Act, 1961 vide order dated 17.12.1997. During the relevant assessment years, appellant claimed deduction under Section 80-O of the Income-tax Act, 1961 (for shor ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... and consequently the appellant is not liable to pay additional tax under Section 143(1A). At this stage, it may be noted that subsequently regular assessment was carried out by the ITO under Section 143(3). We are not concerned in this case with regular assessment under Section 143(3). The only point raised by the appellant is that it is not liable to pay additional tax as Sec ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d forward or deduction or disallowance which on the basis of information available in such return was prima facie admissible but which was not claimed in the return or in cases where any loss carried forward, or deduction or allowance claimed in the return which on the basis of information available in such return was prima facie inadmissible. In the present case, therefore, when there were ..... X X X X Extracts X X X X X X X X Extracts X X X X
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