https://www.taxtmi.com/caselaws?id=63544 The Tribunal allowed the revenue's appeal, overturning the cancellation of the assessee's assessment for the 1978-79 tax year due to exceeding the limitation period. It held that the revised return filed within the prescribed time under section 139(4) was valid, extending the assessment period under section 153(1)(c). The Tribunal directed the Appellate Assistant Commissioner to reconsider the assessee's appeal on other grounds, emphasizing the significance of timely filing revised returns to impact assessment periods under the Income-tax Act, 1961. en-us Mon, 26 Oct 1987 00:00:00 +0530 Mon, 31 Jan 2011 16:07:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63544 The Tribunal allowed the revenue's appeal, overturning the cancellation of the assessee's assessment for the 1978-79 tax year due to exceeding the limitation period. It held that the revised return filed within the prescribed time under section 139(4) was valid, extending the assessment period under section 153(1)(c). The Tribunal directed the Appellate Assistant Commissioner to reconsider the assessee's appeal on other grounds, emphasizing the significance of timely filing revised returns to impact assessment periods under the Income-tax Act, 1961. Case-Laws Income Tax Mon, 26 Oct 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63544