1982 (5) TMI 18 - HC - Income Tax

Summary

The assessee filed its return for the assessment year 1974-75 without attaching the auditor's report. Later, a revised return was filed with the auditor's report. The Income Tax Officer rejected the claim for exemption under section 11(1)(a) due to non-compliance with section 12A(b). The Appellate Tribunal held that the assessee was entitled to file a revised return under section 139(5). The High Court agreed with the Tribunal, ruling in favor of the assessee.