file a revised return and say that the revised return has
substituted the original return and, therefore, the pending
scrutiny assessment proceedings initiated ... revised return. The assessee has also given his Explanation for filing the
said revised return. In fact, after the said revised return was filed, notice
treated as valid returns. It was assessee's contention that
since proceedings under section 148 were initiated, assessee can validly revise
the returns ... therefore, held that the revised returns filed on 12.03.2013 for the two
years were not valid returns and the Assessing Officer was justified in ignoring
Whether the Appellate Tribunal is correct in rejecting
the valid revised return of income within the scope of section
139(5) of the Act while ... said valid revised return of income
effaced/replaced the original return of income?
3.Whether the Appellate Tribunal is justified in
misreading the sworn statement
Mandamus to direct the 1 st respondent for processing the
valid revised return of income filed on 23.08.2011 for the assessment year
November 29, 2012 was
thereafter on the basis of a valid revised return of income filed on March 28,
2014 restricted to an amount ... original return of
income, on the basis of a valid revised return of income. Also, it was observed
by the CIT(A) that unlike
claim of reduced loss in revised
return. The learned Counsel further submitted that revised return
has been filed validly in terms of section ... revised return is filed, it substitutes the original return
of income and, therefore, the only return that has to be assessed
is the revised return
according to Section 139(5) of the
Act assessee could validly revise her return of income as found bona
fide error in it. Therefore ... case of demonetization of currency.
Therefore, the assessee is validly entitled to revise a return of income.
If the argument of the learned principal Commissioner
also revised its return of income on 12/2/2013 declaring taxable
income of ₹ 1,014,894. Reasons behind revising return of income is
stated ... return
of income was filed u/s 139 (1) on 27/9/2011 declaring an income of
Rs 421,855/-. This return was validly revised
Technologies Ltd. Hyd.
characteristics and becomes redundant. The latest revised return
becomes valid for all purposes.
2. The Ld. CIT(A) erred in not considering ... gross assessment order, the
returned income was mistakenly taken from the original return which
became invalid once the revised return was filed by the assessee
hard copy of the revised return of income by
speed post on 31/03/2008 and uploaded the said revised return
electronically ... assessment, and therefore, the revised
return of income filed thereafter on 31/03/2008, was not valid in
terms of section
