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2021 (9) TMI 955 - AT - Income TaxRevised income filed through revised computation - whether provisions of section 139(4) of the I.T. Act that do not allow to accept revised income except only through filling of revised return of income? - Whether CIT(A) has erred in directing the AO to accept the revised income filed through the revised computation, by the assessee, which is contradictory to the provisions of section 139(4)? - HELD THAT:- It is clear from the order of Goetze India Ltd. [2006 (3) TMI 75 - SUPREME COURT] that it is on the power of the Assessing Authority to entertain the claim for deduction otherwise than by filing a revised return, that the embargo has been put by their Lordships. It has been made clear in the order itself that such issue does not impinge upon the power of the Tribunal under section 154. In ‘Smt. Raj Rani Gulati vs. CIT’[2011 (10) TMI 78 - ALLAHABAD HIGH COURT], the Hon'ble jurisdictional Allahabad High Court has taken the above position into account while holding ‘Goetze India Ltd. vs. CIT’ (supra) to be not applicable. - Decided against revenue.
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