decision of the Tribunal for
accepting the revised return and hence once the revised
return becomes valid, it partakes the colour of the original
return ... observing the effect of the revised return and the omission
of the assessee, has held the revised return as valid which has
been confirmed
which was revised later on, the assessment order passed on the basis of the revised return was a valid assessment. The Tribunal has also observed ... revised return filed by the assessee on March 22, 1976, was a valid return and the assessment based on that return is also valid, legal
income of Rs. 20 lacs from
such transactions in the revised return before
completion of regular assessment which stood
accepted (while completing the re-assessment ... should have taxed
the same in the regular assessment because
revised return was valid return and had been taken
note of or could rectify
requirement that the declaration shall be filed along with the return of income is a procedural requirement. The legislative intent appears to be that while ... years to file a return under section 139(4) or a revised under section 139(5) and it could validly file the declaration in Form
file a revised return within the period of limitation. The revised return is filed within the period of limitation and is hence valid. In these ... impugned order under Section 263 of the Act that the revised return was non-est in law, cannot be sustained and is accordingly held
from the date of filing or issuing the notice to file a return remain pending until a final effective order is passed by the assessing ... relate to the question whether a revised return filed after a particular stage can be treated as valid return required to be considered
before the expiry of the accounting period is a valid declaration in law. This question arises in the context of the following facts ... June 13, 1966, filed by the assessee along with his revised return was not valid for two reasons :
(1) that the declaration was meant
have filed any revised return and, therefore, the revised return filed by the assessee could not have been treated as a valid return ... revised return on 22nd March, 1976. After having furnished the revised return, the assessee would be estopped from contending that his revised return
that it
is not in dispute as the assessee
had filed revised return and
withdrawn its claim for
depreciation ... revised return is a
valid return and the assessee has
withdrawn the claim of
depreciation, it cannot be
granted relying on the original
return when
that it is not in dispute
as the assessee had filed revised
return and withdrawn its claim for
depreciation ... revised return is a valid return and
the assessee has withdrawn the claim
of depreciation, it cannot be granted
relying on the original return when
