revised return could not be allowed to the assessee firm.
3] The learned CIT(A) failed to appreciate that the revised return filed ... belated return of income was filed
and it was held that the revised return of income was not valid. In respect of
reliance in DCIT
revised
return on the ground that intimation under section 143(1)(a) was passed
before filing revised return and therefore revised return was invalid. During ... filed revised return
of income in accordance with the provision of section 139(5) of the Act and
treated the revised return as valid return
respect of its Mithapur Power Plant in its second
revised return of income that was validly filed ... vide his order dated 07.12.2006, on the basis of the validly filed
second revised return of income of the assessee was well in order
time limit
prescribed and subsequently, files the
revised return then the revised return is
treated as valid return. In the present case,
as the assessee ... filed its original return
declaring the positive income and hence, in
our opinion, subsequent revised return is
valid return also and the assessee is entitled
whether the revised return filed by the
appellant on 5.1.2010 claiming deduction u/s 10B in such revised
return is a valid return ... wrong statement is a revised return it is possible to revise
such a revised return provided it is revised within the same
prescribed time
taken any cognizance of the revised return but he has taken the information from the revised return to the extent that the assessee is having ... return was not a valid return and the same is non est. The AO has acted on the original return only. As far as revised
return under Section 139(4). Any revised return filed by the assessee after that period would be an invalid return. If a return is invalid ... return or a revised return could be filed at any time before 31st March and that return was not invalid. If it was valid, obviously
income at Rs. Nil. The
revised return was taken as a valid return and processed by AO vide revised
intimation u/s 142(1) dated ... deny exemption. Therefore, the
assessee subsequently filed revised-return which was a valid return u/s
139(5) and accepted by AO, there
original return and
not by way of original return. Further, when the original
return was filed within the due date, then the revised
return filed ... original return.
4.1 In view of the above, the revised return of income filed by
the assessee on 28.05.2018 and consequent processing of
return
assessee filed unaudited accounts.
Thus, the return was not a valid return and the revised return filed by the
assessee was filed beyond the time ... assessee filed unaudited accounts. Thus, the return was not a valid
return and the revised return filed by the assessee was filed beyond the
time
