relation to the completing the assessment without
considering the revised return of income filed in time by the
assessee company. For this ground ... assessee. Since,
there is no other adverse observation about the valid revised return
17 ITA Nos. 688 & 689/JP/2018
M/s Bhandari Health
sustaining the addition based
on the original return overlooking the valid revised return filed by the
assessee without assigning proper reason and justification. He submitted ... filed a revised return on
29.03.2014 in which the income is estimated at a mere 5% of stock shortage.
The revised return is not supported
revised return ignoring the ratio
decidendi of the case of Goetze India Ltd. that the assessee
cannot claim for deduction otherwise by filing a revised ... held that the
deduction could not be made without a valid revised return.
Since in the instant case the return has not been revised within
denied
on the ground that the assessee has not filed any valid revised return
u/s 139(5) claiming this amount
valid return or not, but the issue for consideration is whether the
said belated return, even though valid, could be revised under section ... belated return. The belated return can not be revised. Hence,
assessee's filing of online revised return is not a valid return. Therefore
loss as returned u/s 73A of the Act in its original return of income nor had
filed any valid revised return of income ... revised ITR is not applicable to the appellate authorities and that the
appellate authorities can entertain claims made otherwise than by way of
revised return
attached to such banking transactions.
2. Revised Return Filed in Good Faith
The appellant filed a revised return under Section 139(5) immediately after realizing ... income. The Revenue cannot disregard a claim made through a
valid revised return merely on procedural grounds.
The CBDT'sCircular
Replacing the Original Return: The revised return
replaces the original return filed for a particular
assessment year. Once the revised return is
submitted ... revised income tax return under Section 139(5) .
5.4 That Revised Return can be filed before the fast date of filing
the return (upto
Replacing the Original Return: The revised return
replaces the original return filed for a particular
assessment year. Once the revised return ... revised income tax return under Section 139(5) .
5.4 That Revised Return can be filed before the fast date of filing
the return (upto
claimed
the above TDS of Rs. 12,70,656/- in the return of income. In view of the decision
of the Hon'ble Supreme ... deduction could not be made without a valid revised return. Since in
the instant case the return has not been revised within the meaning
