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2019 (4) TMI 2149 - AT - Income TaxInvalid revised return - Considering the income as per revised Return of Income - Revised return considered not the valid return as per section 139(5) [revised return was not filed against the return filed u/s 139(1) or in response to the notice issued u/s. 142(1)] - As per assessee as result of punching error, an amount was entered in the return of income - difference between the original return and revised return and reasons for filing the revised return of income on the next day of filing the original return. HELD THAT:- In the instant case, the appellant filed its original return of income on 16.02.2015 declaring income at Rs. 1,28,42,730/-. Thereafter, on the very next day, it filed the revised return declaring the total income at Rs. ‘NIL’. During the assessment proceeding before the AO, the appellant explained that there was a punching error while filing return in e-filing portal. Also, it was submitted by the appellant that the accountant dealing with it, has erroneously inserted figure of “12842725” in the column “amounts debited to the profit and loss account, to the extent disallowable u/s 40A in Row No. 16 in Schedule BP of the return form. We find that in the instant case there was no income for the impugned assessment year and as a result of punching error, an amount of Rs. 1,28,42,730/- was entered in the return of income filed on 16.02.2015. The appellant realized the mistake and immediately corrected it by filing a revised of return of 17.02.2015. Also, revised computation income was filed in support of the revised return of income. The above mistake, being a punching error, we uphold the order of the Ld. CIT(A). Decided against revenue.
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