https://www.taxtmi.com/caselaws?id=17888 The Tribunal upheld the decision to set aside the ITO's assessment and directed a reassessment considering the revised return filed by the assessee. The revised return, filed before the final assessment, should have been considered by the ITO, despite the functus officio claim. The Tribunal found that the revised return was within the period of limitation for completing the assessment, extending the deadline by one year. The Tribunal's order was affirmed, ruling in favor of the assessee and no costs were awarded. en-us Wed, 18 Sep 1996 00:00:00 +0530 Fri, 25 Sep 2009 13:59:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17888 The Tribunal upheld the decision to set aside the ITO's assessment and directed a reassessment considering the revised return filed by the assessee. The revised return, filed before the final assessment, should have been considered by the ITO, despite the functus officio claim. The Tribunal found that the revised return was within the period of limitation for completing the assessment, extending the deadline by one year. The Tribunal's order was affirmed, ruling in favor of the assessee and no costs were awarded. Case-Laws Income Tax Wed, 18 Sep 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17888