https://www.taxtmi.com/caselaws?id=14914 The High Court held that the assessment made by the Income-tax Officer was not barred by limitation under section 153 of the Income-tax Act. It was determined that the revised return filed by the assessee could be validly treated as filed under section 139(5) of the Act, rejecting the argument that it should have been filed under section 139(1) or section 142(1). The Court ruled in favor of the Revenue, concluding that the assessment was justified and timely. The assessee's claim that the assessment was beyond the prescribed time limit was dismissed, and no costs were awarded in the case. en-us Wed, 07 Apr 1999 00:00:00 +0530 Mon, 27 Jul 2009 11:03:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14914 The High Court held that the assessment made by the Income-tax Officer was not barred by limitation under section 153 of the Income-tax Act. It was determined that the revised return filed by the assessee could be validly treated as filed under section 139(5) of the Act, rejecting the argument that it should have been filed under section 139(1) or section 142(1). The Court ruled in favor of the Revenue, concluding that the assessment was justified and timely. The assessee's claim that the assessment was beyond the prescribed time limit was dismissed, and no costs were awarded in the case. Case-Laws Income Tax Wed, 07 Apr 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14914