https://www.taxtmi.com/caselaws?id=215499 The Appellate Tribunal dismissed the assessee's appeal, affirming that the revised return filed under section 139(5) of the Income-tax Act was invalid. The Tribunal held that the revised return, claiming losses for multiple assessment years, was not permissible as the original return did not reflect such claims initially. Emphasizing the need for adherence to the specified provisions for filing revised returns and carrying forward losses, the Tribunal upheld the decisions of the lower authorities, concluding that the revised return was null and void. en-us Fri, 30 Mar 2012 00:00:00 +0530 Wed, 08 Aug 2012 18:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215499 The Appellate Tribunal dismissed the assessee's appeal, affirming that the revised return filed under section 139(5) of the Income-tax Act was invalid. The Tribunal held that the revised return, claiming losses for multiple assessment years, was not permissible as the original return did not reflect such claims initially. Emphasizing the need for adherence to the specified provisions for filing revised returns and carrying forward losses, the Tribunal upheld the decisions of the lower authorities, concluding that the revised return was null and void. Case-Laws Income Tax Fri, 30 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215499