permitted to withdraw the revised
return. The ITAT rejected the plea of learned counsel for the Assessee that
the revised return filed on 30th March ... original return,
as a result of which the Assessee volunteered to file a revised return, and
with the revised return having been filed just before
valid explanation offered
regarding the mistake made by it in not including the aforementioned inter-
state purchases in the revised returns filed. Also, the authorities
certain
valid reasons.
ITA 14/2004 Page 3 of 14
ii. The audit report was filed along with the revised return on 12 th March
view of the above amendment that the Petitioner filed its
revised return on 18th January 1992 under the IT Act claiming exemption
under Section ... return. The Respondent is right in contending that there was no
valid reason given by the Petitioner in not filing the wealth tax return within
closing stock. Again, this was not a case concerning a revised return having been filed by the assessed.
13. Insofar as the decision in Commissioner ... Carborandum Universal Limited is concerned, that was a case where a revised return was filed, but the Madras High Court does not appear to have
Assessee companies were required to furnish the
necessary information and also file returns and produce the books ... returns filed by the Assessees in
Sikkim, the Income & Sales Tax Department of Government of Sikkim
raised a revised demand on 30th November
capital
expenditure debited to Profit and Loss Account' in the revised return.
(ii) In the counter-affidavit filed by the Revenue in the present ... first round to appreciate this
distinction. The mere filing of the revised return would not amount to a
full and true disclosure. As regards
March, 1987 the assessed filed a revised Return for Assessment Year 1984-85 and Assessment Year 1985-86 by taking advantage of the Amnesty Scheme ... holding that the provisions of Section 263 have not been validly invoked in this case by ignoring the material fact that the Assessing Officer
Dharambir Khattar vs Central Bureau Of Investigation on 5 May, 2009
Author: S. Muralidhar
Bench
Indu Lata Rangwala vs Deputy Commissioner Of Income Tax on 18 May, 2016
Author: S
