Revised Return Filed After Limitation Period Cannot Be Considered: Supreme Court Upholds Dismissal of Appeal by Assessee. The Supreme Court of India held that a revised return filed after the expiry of the time limit under Section 139(5) of the Income Tax Act cannot be entertained by the Assessing Officer, affirming the High Court's ruling....
The Assessing Officer cannot consider a claim made in a revised return filed after the expiration of the time prescribed by Section 139(5) of the Income Tax Act. The powers granted to the ITAT under S...
