2002 (9) TMI 35

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..... 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 .....

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..... and 1990-91. The assessee is a trust. It carries 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 .....

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