Validity of revised return 139(5) - Revised return did not ...

Case Laws Income Tax

November 18, 2023

Validity of revised return 139(5) - Revised return did not conform to the prescription of section 139(5), before its substitution w.e.f. A.Y. 2017-18, which provided for revision of a return filed u/s. 139(1) and not u/s. 139(4) of the Act. The substituted section 139(5) now liberalizes the revision of return originally filed under sub-section (1) or under sub-section (4). The amendment has come into vogue from the A.Y. 2017-18. - Assessment based on revised return is invalid - AT

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Validity of revised return 139(5) - Revised return did not ...

Case Laws Income Tax

November 18, 2023

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