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Income Tax - Highlights / Catch Notes

Home Highlights December 2015 Year 2015 This

Claim of Loss in the revised return - failure to fulfill the ...


Tax Loss Claim Approved After Section 139(5) Conditions Initially Unmet; Thorough Evaluation by AO and CIT(A) Ensues.

December 11, 2015

Case Laws     Income Tax     AT

Claim of Loss in the revised return - failure to fulfill the conditions u/s 139(5) - In case, the revised return of income is not accepted, then how can the issue be so elaborately decided on merits? Once the merits of deduction have been considered by both the AO and CIT(A), claim allowed - AT

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