https://www.taxtmi.com/caselaws?id=5519 A dominant issue was whether an assessee who filed a belated return under s. 139(4) of the IT Act could file a revised return under s. 139(5). The SC held that s. 139(5) contemplates revision only of a return filed under s. 139(1) (or within the scope permitted by the provision) and does not permit revision of a return filed under s. 139(4); consequently, the purported revised returns were invalid. As no valid revised returns existed, the extended limitation under s. 153(1)(b) or s. 153(1)(c) was inapplicable, and assessments completed beyond four years (though within five years) were time-barred and set aside. en-us Tue, 23 Apr 1996 00:00:00 +0530 Fri, 26 Dec 2025 15:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5519 A dominant issue was whether an assessee who filed a belated return under s. 139(4) of the IT Act could file a revised return under s. 139(5). The SC held that s. 139(5) contemplates revision only of a return filed under s. 139(1) (or within the scope permitted by the provision) and does not permit revision of a return filed under s. 139(4); consequently, the purported revised returns were invalid. As no valid revised returns existed, the extended limitation under s. 153(1)(b) or s. 153(1)(c) was inapplicable, and assessments completed beyond four years (though within five years) were time-barred and set aside. Case-Laws Income Tax Tue, 23 Apr 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5519