2021 (9) TMI 1457

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..... n assessees who have made a loss instead of a profit, the difference between the loss showed in the return filed by the assessee and the loss assessed to income tax having to bear an additional income tax at the rate of 20%? - HELD THAT:- It is common ground raised in M/S. SATI OIL UDYOG LTD. ANOTHER [ 2015 (3) TMI 854 - SUPREME COURT] as held that the issue raised in this appeal is squarely .....

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..... d that the additional tax levied on the appellant cannot be lawfully recovered. Hence, the demand raised by the Department is set aside. Accordingly, this appeal is allowed. - Civil Appeal No.2845 of 2010 - - - Dated:- 21-9-2021 - Hon'ble Mr. Justice A.M. Khanwilkar, Hon'ble Mr. Justice Dinesh Maheshwari And Hon'ble Mr. Justice C.T. Ravikumar For the Appellant(s) : Mr. Pr .....

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