would be the revised return which has got to be seen for penalty purposes and once the revised return discloses the true income, the question ... revised return is as good as any other return under Section 139 , and for purposes of penalty take the view that a revised return validly
revised return filed in pursuance of a notice under Section 148 was immaterial. The relevant return was the original return and if that return ... return amends the original return. The original return stands amended or revised and in such circumstances the revised return is the only validly existing return
Income Tax Act, 1961 in its return or by filing a valid revised return as held by the Hon'ble Supreme Court in Goetze ... available to Assessee is to file a revised return. This view taken by Assessing Authority was held valid.
19. In the present case, Assessee claimed
same and did not file its revised return, before 31 March, 2017. Revised return being not filed, the deemed/self assessment proceedings under section ... days time to the assessee to revise his return. In case, he files a revised return to the satisfaction of the assessing officer, the legal
declaration made by the assessee in his original return dated 30.11.1995, for reason of revised return dated 06.09.1996 filed by the assessee upon the proceeding ... provision of Section 143(1A) of the Act. In fact, a valid revised return was filed within time. That itself eclipsed the power
filing revised return is that the original return looses its sanctity. Once the original return is withdrawn or is substituted by filing a valid revised
result of this specific query that the revised return declaring income of about Rs. 87,000/- more than the originally assessed income was filed ... further submitted that the proceeding having been validly initiated inasmuch as on the basis of the revised return filed by the applicant, the Assessing Authority
return on March 30, 1965, and a revised return on March 28, 1966. The ITO made an assessment treating the revised return filed on March ... assessee to rectify or revise a return filed under Section 139(4) . On that view, the revised return filed on March 28, 1966, was held
March, 1970, was not a valid one. It could not be treated as a revised return, because it had not been filed due to discovery ... revised return
under Section 139(5) . If the firm had four years to file a return under Section 139(4) or a revised return under
entitled to file a revised return under the provisions of Section 139(5) of the Act. Thus, the revised return filed under Section ... valid return and was to be taken into consideration. No concealment having been found in the revised return, the penalty in respect of the income
