https://www.taxtmi.com/caselaws?id=66923 The ITAT dismissed the appeal regarding the validity of filing a revised return under section 139(5) due to a change of accounting system from mercantile to cash basis. The ITAT upheld the lower authorities' decision, emphasizing that the change in accounting method was not justified as it was considered an afterthought and not due to bona fide errors or omissions. Citing relevant case laws, the ITAT concluded that the revised return was not warranted in this case, affirming the AAC's order based on sufficient grounds. en-us Mon, 18 Jan 1982 00:00:00 +0530 Tue, 08 Mar 2011 11:37:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66923 The ITAT dismissed the appeal regarding the validity of filing a revised return under section 139(5) due to a change of accounting system from mercantile to cash basis. The ITAT upheld the lower authorities' decision, emphasizing that the change in accounting method was not justified as it was considered an afterthought and not due to bona fide errors or omissions. Citing relevant case laws, the ITAT concluded that the revised return was not warranted in this case, affirming the AAC's order based on sufficient grounds. Case-Laws Income Tax Mon, 18 Jan 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66923