https://www.taxtmi.com/caselaws?id=202826 The court held that a company's return must be signed by its managing director under section 140(c) of the Income-tax Act, and a return signed by an unauthorized person was invalid. However, the defect was curable under section 292B, as the return was later rectified by the managing director. Therefore, the initiation of proceedings under section 154 was deemed unjustified. Additionally, the court rejected the Revenue's argument that the refund claim was time-barred under section 239, directing the Assistant Commissioner of Income-tax to refund the amount to the assessee. en-us Tue, 11 Mar 2008 00:00:00 +0530 Fri, 01 Jul 2016 16:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=202826 The court held that a company's return must be signed by its managing director under section 140(c) of the Income-tax Act, and a return signed by an unauthorized person was invalid. However, the defect was curable under section 292B, as the return was later rectified by the managing director. Therefore, the initiation of proceedings under section 154 was deemed unjustified. Additionally, the court rejected the Revenue's argument that the refund claim was time-barred under section 239, directing the Assistant Commissioner of Income-tax to refund the amount to the assessee. Case-Laws Income Tax Tue, 11 Mar 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=202826