https://www.taxtmi.com/caselaws?id=26643 The High Court ruled in a case involving the interpretation of provisions of the Income-tax Act, 1961 that revised returns filed under section 139(5) cannot be considered valid for returns initially filed under section 139(4). The Court emphasized adherence to statutory timelines for assessments, declaring an assessment order completed after the deadline as null and void. The judgment favored the assessee, highlighting the importance of distinguishing between returns filed under different sections of the Act and complying with prescribed timelines for assessments. The Revenue was ruled against, and parties were directed to bear their own costs. en-us Thu, 11 Jul 1985 00:00:00 +0530 Sat, 06 Feb 2010 15:30:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26643 The High Court ruled in a case involving the interpretation of provisions of the Income-tax Act, 1961 that revised returns filed under section 139(5) cannot be considered valid for returns initially filed under section 139(4). The Court emphasized adherence to statutory timelines for assessments, declaring an assessment order completed after the deadline as null and void. The judgment favored the assessee, highlighting the importance of distinguishing between returns filed under different sections of the Act and complying with prescribed timelines for assessments. The Revenue was ruled against, and parties were directed to bear their own costs. Case-Laws Income Tax Thu, 11 Jul 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26643