Applicability of Sec.139(10). - Income Tax - 1765/CBDT

INSTRUCTION NO. 1765/CBDT Dated: June 25, 1987 Attention is invited to Board's instruction No.1744 dated 21.1.87. wherein it was clarified that all the returns filed on or after 1.4.1986 which are below taxable limit, are to be considered invalid, barring the exceptions contained in the proviso to sub-section 10 of section 139, and should not be acted upon. 2. References have been received from some of the Commissioners of Income-tax seeking clarification whether these provisions will be applicable in respect of all the returns filed after 1.4.1986 OR for the assessment year 1986-87 and subsequent year as clarified in the circular No. 469 dated 23.9.86. The matter has been re-examined by the Board and it is clarified that the provisions of section 139 (10) will be applicable to the assessment year 1986-87 and subsequent assessment years only. 3. This clarification may be brought to the notice of all the officers working under you.