https://www.taxtmi.com/caselaws?id=67577 The Appellate Tribunal ITAT Jaipur upheld the decision of the lower authorities in disallowing the assessee's claim to withdraw the liability for interest of Rs. 65,88,875 based on a revised return filed under section 139(5) for the assessment year 1983-84. The Tribunal ruled that since the interest in question was not waived or remitted in the relevant accounting year, and there was no discovery of omission or wrong statement in the original return, the revised return was not valid. As a result, the interest deduction claimed in the original return was allowed, and the appeal was dismissed in favor of the revenue authorities. en-us Tue, 17 Nov 1987 00:00:00 +0530 Fri, 11 Mar 2011 14:06:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67577 The Appellate Tribunal ITAT Jaipur upheld the decision of the lower authorities in disallowing the assessee's claim to withdraw the liability for interest of Rs. 65,88,875 based on a revised return filed under section 139(5) for the assessment year 1983-84. The Tribunal ruled that since the interest in question was not waived or remitted in the relevant accounting year, and there was no discovery of omission or wrong statement in the original return, the revised return was not valid. As a result, the interest deduction claimed in the original return was allowed, and the appeal was dismissed in favor of the revenue authorities. Case-Laws Income Tax Tue, 17 Nov 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67577