https://www.taxtmi.com/caselaws?id=66541 The Tribunal dismissed the assessee's appeal, ruling that the revised return filed by the assessee was not valid under Section 139(5) as the original return was filed under Section 139(4). The assessee was not allowed to change its status from HUF to individual in the revised return. Additionally, the ITO's authority in reassessment was limited to the specific directions given in the CIT's revisionary order, prohibiting consideration of fresh claims or status changes. Consequently, the appeal lacked merit and was dismissed. en-us Tue, 30 Jun 1992 00:00:00 +0530 Sat, 26 Feb 2011 13:47:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66541 The Tribunal dismissed the assessee's appeal, ruling that the revised return filed by the assessee was not valid under Section 139(5) as the original return was filed under Section 139(4). The assessee was not allowed to change its status from HUF to individual in the revised return. Additionally, the ITO's authority in reassessment was limited to the specific directions given in the CIT's revisionary order, prohibiting consideration of fresh claims or status changes. Consequently, the appeal lacked merit and was dismissed. Case-Laws Income Tax Tue, 30 Jun 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66541