https://www.taxtmi.com/caselaws?id=68264 The Income Tax Appellate Tribunal (ITAT) ruled that the revised returns filed by the assessee were not valid under section 139(4) of the Income-tax Act. Despite the assessee's arguments and supporting decisions, the ITAT upheld the lower authorities' conclusion, emphasizing the plain language of the law. Additionally, the ITAT found that the assessments completed by the Income Tax Officer (ITO) were in compliance with the law and binding circulars, dismissing the appeal. The ITAT also determined that rectification of assessment orders was not warranted as the issues raised were debatable points of law, not mistakes apparent on the record. en-us Wed, 18 Jun 1986 00:00:00 +0530 Mon, 28 Mar 2011 17:16:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68264 The Income Tax Appellate Tribunal (ITAT) ruled that the revised returns filed by the assessee were not valid under section 139(4) of the Income-tax Act. Despite the assessee's arguments and supporting decisions, the ITAT upheld the lower authorities' conclusion, emphasizing the plain language of the law. Additionally, the ITAT found that the assessments completed by the Income Tax Officer (ITO) were in compliance with the law and binding circulars, dismissing the appeal. The ITAT also determined that rectification of assessment orders was not warranted as the issues raised were debatable points of law, not mistakes apparent on the record. Case-Laws Income Tax Wed, 18 Jun 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68264