https://www.taxtmi.com/caselaws?id=402010 A revised return filed within the prescribed time supersedes the original return, and a notice under section 143(2) issued after the revised return does not require repetition merely because the return was revised. The jurisdictional objection on fresh notice was therefore rejected. On the interest disallowance under section 14A read with rule 8D(2)(ii), the applicability of the disallowance depends on verification of the assessee's own funds and financial statements. Because that factual inquiry had not been completed at the proper stage, the matter was remitted for fresh adjudication on availability of interest-free funds. en-us Tue, 08 Dec 2020 00:00:00 +0530 Tue, 22 Dec 2020 14:09:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402010 A revised return filed within the prescribed time supersedes the original return, and a notice under section 143(2) issued after the revised return does not require repetition merely because the return was revised. The jurisdictional objection on fresh notice was therefore rejected. On the interest disallowance under section 14A read with rule 8D(2)(ii), the applicability of the disallowance depends on verification of the assessee's own funds and financial statements. Because that factual inquiry had not been completed at the proper stage, the matter was remitted for fresh adjudication on availability of interest-free funds. Case-Laws Income Tax Tue, 08 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402010