https://www.taxtmi.com/caselaws?id=26984 The High Court upheld the Tribunal's decision that the return filed under section 139(5) was not valid as there was no omission or wrong statement in the original return. The Court ruled that the assessee could not change the basis of accounting from mercantile to cash after the original filing. The subsequent return under section 139(5) was rejected, and the parties were directed to bear their own costs. en-us Wed, 19 Sep 1984 00:00:00 +0530 Tue, 09 Feb 2010 18:34:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26984 The High Court upheld the Tribunal's decision that the return filed under section 139(5) was not valid as there was no omission or wrong statement in the original return. The Court ruled that the assessee could not change the basis of accounting from mercantile to cash after the original filing. The subsequent return under section 139(5) was rejected, and the parties were directed to bear their own costs. Case-Laws Income Tax Wed, 19 Sep 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26984