https://www.taxtmi.com/caselaws?id=3702 The High Court held that belated returns filed under section 139(4) of the Wealth-tax Act, 1957, could not be revised. The Court aligned with the Delhi, Allahabad, Rajasthan, and Kerala High Courts' view, rejecting the contrary opinion of the Calcutta High Court. Following the Supreme Court's decision, the High Court ruled that the belated returns filed by the assessee could not be revised, ultimately deciding in favor of the assessee and against the Revenue. This decision provided clarity and uniformity in the interpretation and application of the law regarding revising belated returns under the Wealth-tax Act. en-us Thu, 07 Dec 2006 00:00:00 +0530 Thu, 24 Apr 2008 11:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3702 The High Court held that belated returns filed under section 139(4) of the Wealth-tax Act, 1957, could not be revised. The Court aligned with the Delhi, Allahabad, Rajasthan, and Kerala High Courts' view, rejecting the contrary opinion of the Calcutta High Court. Following the Supreme Court's decision, the High Court ruled that the belated returns filed by the assessee could not be revised, ultimately deciding in favor of the assessee and against the Revenue. This decision provided clarity and uniformity in the interpretation and application of the law regarding revising belated returns under the Wealth-tax Act. Case-Laws Wealth-tax Thu, 07 Dec 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3702