https://www.taxtmi.com/caselaws?id=367894 The Madras High Court allowed the tax case appeal filed by the assessee against the Revenue. The Court directed the Assessing Officer to reconsider the assessment after providing an opportunity for the assessee to rectify the defects in the revised returns filed within the specified timeframe under Section 139(5) of the Income Tax Act. The Court emphasized the importance of following the procedure outlined in Section 139(9) to allow the assessee to rectify any defects before rejecting the revised return. The issue of bad debts was also directed to be considered during the reassessment process. en-us Mon, 10 Sep 2018 00:00:00 +0530 Thu, 27 Sep 2018 06:50:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367894 The Madras High Court allowed the tax case appeal filed by the assessee against the Revenue. The Court directed the Assessing Officer to reconsider the assessment after providing an opportunity for the assessee to rectify the defects in the revised returns filed within the specified timeframe under Section 139(5) of the Income Tax Act. The Court emphasized the importance of following the procedure outlined in Section 139(9) to allow the assessee to rectify any defects before rejecting the revised return. The issue of bad debts was also directed to be considered during the reassessment process. Case-Laws Income Tax Mon, 10 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367894