https://www.taxtmi.com/caselaws?id=12221 The court ruled in favor of the Revenue, holding that the assessment for the year 1973-74 was not time-barred under the Income-tax Act, 1961. The original return filed within the extended deadline was considered voluntary under section 139(1), allowing the revised return to be valid under section 139(5). The Central Board of Direct Taxes had the authority to issue Circular No. 113 extending the filing deadline, ensuring the assessment's legality. The decision favored the Revenue, concluding that the assessment was valid and not barred by limitation, with no costs awarded. en-us Thu, 27 Jun 2002 00:00:00 +0530 Sat, 20 Feb 2010 11:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12221 The court ruled in favor of the Revenue, holding that the assessment for the year 1973-74 was not time-barred under the Income-tax Act, 1961. The original return filed within the extended deadline was considered voluntary under section 139(1), allowing the revised return to be valid under section 139(5). The Central Board of Direct Taxes had the authority to issue Circular No. 113 extending the filing deadline, ensuring the assessment's legality. The decision favored the Revenue, concluding that the assessment was valid and not barred by limitation, with no costs awarded. Case-Laws Income Tax Thu, 27 Jun 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12221