https://www.taxtmi.com/caselaws?id=20492 The High Court of Kerala ruled against the assessee, holding that the Tribunal erred in deeming the second return as valid under section 139(4) for assessment purposes. The court referenced conflicting decisions but ultimately upheld that returns filed under section 139(4) have no legal consequence. As the assessee did not initially file under sections 139(1) or (2), the second return was deemed invalid for assessment. The judgment favored the Revenue, dismissing the assessee's claim and directing compliance with legal requirements. en-us Wed, 12 Jan 1994 00:00:00 +0530 Sat, 14 Nov 2009 12:37:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20492 The High Court of Kerala ruled against the assessee, holding that the Tribunal erred in deeming the second return as valid under section 139(4) for assessment purposes. The court referenced conflicting decisions but ultimately upheld that returns filed under section 139(4) have no legal consequence. As the assessee did not initially file under sections 139(1) or (2), the second return was deemed invalid for assessment. The judgment favored the Revenue, dismissing the assessee's claim and directing compliance with legal requirements. Case-Laws Income Tax Wed, 12 Jan 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20492