TMI Blog1992 (2) TMI 5X X X X Extracts X X X X X X X X Extracts X X X X ..... It submitted a return of income on August 24, 1978. The Income-tax Officer in terms of section 144B of the Income-tax Act, 1961, forwarded a draft of the proposed order of assessment to the assessee on March 30, 1981. The assessee filed its objections on April 10, 1981. In view of the objections filed by the assessee, the Income-tax Officer forwarded the draft order together with the objections t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... a revised return, if he discovers any omission or any wrong statement in his earlier return. He further submitted that if such a return is filed before the assessment is made, then the same is required to be considered. As the Inspecting Assistant Commissioner ignored the same totally even though the fact of filing of the revised return was brought to his notice, the order passed by him must be r ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... iled by the petitioner. The order passed by him, therefore, will have to be quashed and set aside. In the result, this petition is allowed. The impugned order of assessment, exhibit "F", and the demand notice, exhibit "G", are quashed and set aside. The concerned Income-tax Officer is now directed to complete the assessment proceedings after taking into consideration the revised return. Rule is ..... X X X X Extracts X X X X X X X X Extracts X X X X
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