Non considering the revised return filed by the assessee for ...

Revised Tax Return Invalid: Original Not Filed Under Sub-Section (1) or (4), AO Right to Disregard Correction.

March 3, 2022

Case Laws Income Tax AT

Non considering the revised return filed by the assessee for rectifying the mistake in claim of depreciation - In this case, the original return was not filed under Sub-Sec.(1) or Sub-Sec.(4) and thus, the belated return filed by the assessee is an invalid return. Therefore, the AO is not bound to consider invalid return. Hence, we are of the considered view that there is no error in the reasons given by the AO in not considering the revised return filed by the assessee for rectifying the mistake in claim of depreciation. - AT

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Non considering the revised return filed by the assessee for ...

Revised Tax Return Invalid: Original Not Filed Under Sub-Section (1) or (4), AO Right to Disregard Correction.

March 3, 2022

Case Laws Income Tax AT

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