https://www.taxtmi.com/caselaws?id=347821 The Tribunal allowed the revenue's appeal for statistical purposes, directing the Assessing Officer (AO) to consider the revised return of a Private Limited company and conduct a fresh assessment for the assessment year. The AO's rejection of the revised return based on the processing of the original return under section 143(1) was deemed incorrect. The Commissioner of Income Tax (Appeals) decision deleting the addition made by the AO was set aside, and the cross objection filed by the assessee was dismissed. The AO was instructed to reassess based on the revised return. en-us Fri, 08 Sep 2017 00:00:00 +0530 Mon, 11 Sep 2017 10:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347821 The Tribunal allowed the revenue's appeal for statistical purposes, directing the Assessing Officer (AO) to consider the revised return of a Private Limited company and conduct a fresh assessment for the assessment year. The AO's rejection of the revised return based on the processing of the original return under section 143(1) was deemed incorrect. The Commissioner of Income Tax (Appeals) decision deleting the addition made by the AO was set aside, and the cross objection filed by the assessee was dismissed. The AO was instructed to reassess based on the revised return. Case-Laws Income Tax Fri, 08 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347821