furnished Note claiming to be reasons for filing
revised return. The Note to the revised return is as under:
As on 31st March ... valid revised return u/s. 139(5) . Importantly, the
revised return is filed based on revised computation of income. No
revised audit report has been
Monday
01.10.2012, return was duly filed. Therefore, the return filed by the assessee should be
treated a valid return which was duly revised by filing ... valid return.
Accordingly, we hold the return filed on 01.10.2012 is a valid return. It is also an
undisputed fact that revised return was filed
2008 itself
filed revised return of income. The said filing of revised return fulfills both
the conditions i.e. the revised return has been filed ... return, which was
validly filed, replaces the original return of income and for assessment
purposes the original return was to be ignored and only revised
support of his claim of deduction
through the filing of valid revised return of income and explained
that the said time specified for filing return ... return on 29/9/2010
(i.e. one day before 30/9/2010)' Appellant's claim made in the revised
return is valid
statutory notice u/s.143(2) of the act on a valid revised
return of income filed by the appellant, despite noticing the fact that ... filed a valid revised return of income and also has
considered the total income as declared in the revised return of
income filed
queries are consonant with Accounting Standard-3 (Revised) issued by
ICA. In the Cash Flow Statement, dividend paid by the company was
shown under Operating ... wrong
statement in the original return, the assessee has filed the valid revised
return within the time limit. Out of the errors in the original
relevant
materials on record. We note that the assessee filed its revised return of
income on 25.03.2013 along with the audit report in Form ... provided U/s 139(5) and
therefore, it was a valid revised return of income. Once, the assessee
filed a valid revised return of income
2001 i.e. date of filing of revised return and
therefore revised return filed is valid.
Hon'ble Commissioner of Income Tax (Appeals), Ujjain ... April, 2001, i.e. date of filing of
revised return and therefore revised return filed was valid.
The Ld. Counsel for the assessee further contended
submitted that the disclosure made by the assessee in the revised return
only because of the material and documents found during the survey and statement ... made by the AO in the return of income. When a
valid revised return of income was filed and accepted by the AO then
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
