bona fide mistake that impelled assessee to file
revised return on 30.03.2016. Reason for filing Revised
Return had been spelt out in the written submission ... revised return. In the present case, the assessment order
is totally silent about the revised return filed on 30.03.2016.
Revised Return disclosed loss
original return by
considering the revised return. In response, the counsel for the assessee
submitted that revised return was filed validly considering the facts ... revised return. The revised return
was filed strictly within the parameters of section 139(5) of the Act and once
revised return has been validly
validly filed and the same replaces original return. No assessment can be
made by adverting to original return which is substituted by the valid
revised ... revised return. The revised return was filed strictly
within the parameters of section 139(5) of the Act and once revised return
has been validly
year under appeal,
valid revised return was filed on 21.03.2015 making the claim of
receipts being of capital nature. Therefore, the addition made is
deleted
original return, such
claim can be made in a valid revised return. We find that there is no dispute
to the fact that the assessee ... original return and claimed it in a valid revised
return. However, in the above referred decision there is no reference to
electronically filing the audit
Andhra Cottons Mills Limited and
"....For a valid revised return under s. 139(5) it is necessary that omission or
wrong statement ... opening paragraph of this
submission, the so-called revised Return of Income was not a valid Return of
12
ITA No.3202/Mum/2018
appellant. Interest u/s 234C has to be
calculated based on returned income and it can't be varied consequent to any
adjustment made ... raised by assessee are allowed.
21. Appellant has filed a valid revised return on 22.03.2020 claimed TDS
amounting to Rs. 7,89,029/-, this amount
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
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
2014 (i.e.
after the original return was processed) claiming it as original return. In this
return the assessee has withdrawn the claim of deduction ... convenience without filing a valid
revised return for such subsequent claims. In this regard reference is drawn to
the decision
