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Income Tax - Highlights / Catch Notes

Home Highlights September 2018 Year 2018 This

Admissibility of claim in revised return u/s. 139(5) - ...


Taxpayer's Timely Revised Return: Depreciation on Goodwill Claim Valid u/s 139(5), No Condonation Needed.

September 12, 2018

Case Laws     Income Tax     AT

Admissibility of claim in revised return u/s. 139(5) - Depreciation on goodwill - When the revised return was filed on time as per section 139(1) and 139(5), in our considered opinion, the ld. CIT(A) has erred in holding that the assessee required any condonation u/s. 119(2)(b).

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