option but to file the revised return. According to the AO the revised return was moved to avoid penalty and is not a bona fide ... revised return, but in this case the Court held that the filing of the revised return was bona fide and, therefore, the penalty
revised return as contemplated by Section 139(5) . Such a revised return cannot supplant the original return and, for the purposes of penalty, it will ... revised return, the original return containing omissions and wrong statements therein would, in our view, be supplanted by the revised return. After all, a revised
assessee in filing revised returns.
10.1 Now, it is to be seen, whether subsequent returns filed could be treated
as revised returns and same could ... revised returns could not be
considered at all. That apart, if these are presumed to be revised returns,
whether benefit of filing of revised return
return originally filed and with reference to the revised return. Hence, the assessee was guilty of concealment.
(ii) Even the revised return was only ... under Section 271(1)(c) by reason of submission of revised return, the revised return itself must be within the correct ambit and scope
assessment is completed and to file a revised return giving the true income and the revised return contemplated by Section 22(3) may be filed ... return and a revised return after the initial enquiry by the Income-tax Officer. The mere fact that the assessee filed a revised return after
original returns and the revised returns and that no particular item of income has been pointed out to explain that the revised returns were merely ... submission of false return by filing revised return on March 20, 1908. We have already held that the revised returns in the instant case
they were filing revised returns and praying for the acceptance of the revised returns and for a waiver of the penalty under ... there was also concealment in the revised return, the law as on the date of the revised return will have to be applied. Though this
original return and revised return was filed on 28.3.03. The AO also considered that the expenditure disallowed by him in the revised return amounted ... assessed deleted the penalty by holding that no penalty can be imposed where in the revised return merely loss stands reduced, relying on the decision
taken as such revised return
- there was no concealment of the particulars of his income in this notionally
revised return, held that:
"We consider ... original return and in the revised return he makes
correction of the omission or the wrong statement, a penalty proceeding for
concealment of the particulars
revised return. The clear intendment is that, where a proper revised return is filed, it should take the place of the original return ... where a amended return is filed which discloses income concealed in the earlier return, such amended return will be a revised return under Section
