https://www.taxtmi.com/caselaws?id=193083 The High Court upheld the Tribunal's decision to accept the revised income under section 139(5) of the Income Tax Act for a State Government owned company acting as a development financial institution. The Court affirmed the company's right to revise its return following the withdrawal of a government scheme, finding no error in the Tribunal's application of the law. The Tax Appeal was dismissed, confirming the company's entitlement to file a revised return based on the circumstances of the scheme cancellation. en-us Tue, 18 Dec 2012 00:00:00 +0530 Wed, 12 Jul 2017 18:46:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193083 The High Court upheld the Tribunal's decision to accept the revised income under section 139(5) of the Income Tax Act for a State Government owned company acting as a development financial institution. The Court affirmed the company's right to revise its return following the withdrawal of a government scheme, finding no error in the Tribunal's application of the law. The Tax Appeal was dismissed, confirming the company's entitlement to file a revised return based on the circumstances of the scheme cancellation. Case-Laws Income Tax Tue, 18 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193083