Supreme Court · 2015 INSC 265 · Decided 24 March 2015
Commissioner of Income Tax, Gauhati & ORS. v. M/S. Sati Oil Udyog LTD. & ANR.
- Court
- Supreme Court of India
- Citation
- 2015 INSC 265 · [2015] 2 S.C.R. 1099
- Case number
- CIVIL APPEAL No. 9133/2003
- Decided
- 24 March 2015
- Bench
- A.K. SIKRI (1-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 143(1A)
Headnote
c Income Tax Act, 1961: s.143(1A) (as amended in 1993)- Levy of 20% additional tax where total income as a result of adjustments made under first proviso to s.143(1)(a) exceeds the total income declared in the return 0 -Retrospective effecf.Jto s.143(1A)- The amended s.14J(1A) has the deterrent effect of preventing tax evasion and, therefore, is applicable only to tax evaders and not honest assessee- s.143(1A) can be invoked only where it is found that lesser amount stated E in the return filed by assessee was the result of tax evasion - The
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