revised return
is validly filed u/s. 139(5) , the original return filed earlier ceases to exist.
The only valid return is the revised return ... Subsequently, assessee has filed its revised return of
income on 31.03.2022 and CPC has also accepted the revised return of
income in which assessee
than the original return of income and
thus, this return of income filed on 29.10.2014 was in the nature of revised
return of income ... return
filed on 29.10.201~and not against the return filed on
30.09.2013.
5. It is pertinent to bring on record herein, that a valid
revised
return of income was
31.07.02008 and the Return was filed belated on 18-08-2008.
As regards, the filing of a revised return is concerned ... earlier," Thus, it is clear from
this , that a valid revised return could be filed only up to
31.03.2010. In this case the appellant
claim made in the
return cannot amount to furnishing inaccurate particulars."
Thus, the return of income or valid revised return is the basis ... facts of the instant case, where the assessee furnished the valid revised
return, which was accepted by the AO without pointing out a single
inaccuracy
confirming the rejection by the
learned A.O. of a valid revised return of income filed by the appellant company.
2. On facts, in circumstances ... difference in valuation of opening
stock and closing stock as per valid revised return of income filed by the appellant
company.
17. In this case
return as a valid return by in-
spite of the fact that it was clearly established by the A.O. that return
was revised only ... assessee could revise the return up[ to 31st March, 2008.
The assessee revised the return of income on 6th August, 2007, which
is very much
facie recoverable. The
disclosure was made in the return and on that basis claim of
return was made. Assessee having been assessed at losses ... holding that the revised
computation was filed belatedly after the detection and assessee had not
filed it by a valid revised return. Though the assessed
assessment year 2006-07. A
valid revised return substitutes the original return of income. The
original return was filed based on FIFO method. This ... ignored and substituted by the valid revised return in terms of the
express provisions of the Income-tax Act, 1961 . Therefore, we do not
find
income from other sources. In the revised
return filed on 31-10-2004 the income from other sources has not
been offered ... that the original
return has no bearing on the assessment once valid revised return
has been filed. He submitted that the receipt does not constitute
that the so-called revised return filed on 29.12.2008
which is not a valid return of income. The revised return can be filed under section ... called revised return on 29.12.2008
surrendering the amount surrendered at the time of survey. Thus, the so-called
revised return was filed after the prescribed
