Can Revised Return Substitute Original Return?

Chapter No. 07 - REVISED RETURN [Sec. 139(5)]

 Can Revised Return Substitute Original Return?

There is a distinction between a revised return and a correction of the return. If the assessee files some application for correcting a return already filed or making amendments therein, it would not mean that he has filed a revised return. It will still retain the character of an original return; but once a revised return is filed, the original return must be taken to have been withdrawn and to have been substituted by a fresh return for the purpose of assessment-Dhampur Sugar Mills Ltd. v. CIT 1972 (3) TMI 16 - Allahabad High Court.

Dated: 15-12-2015