https://www.taxtmi.com/caselaws?id=415289 The Court ruled in favor of the petitioner, quashing the finalized assessment and directing the respondent to process the revised income tax return for AY 2018-19. The Court highlighted the necessity to consider the revised return in light of the demerger's effects and previous judicial decisions supporting the acceptance of timely revised returns. The decision emphasized the importance of efficient electronic processing of returns to prevent similar issues in the future and ensure timely resolution of tax matters, providing relief to the petitioner from procedural hurdles faced. en-us Wed, 29 Sep 2021 00:00:00 +0530 Thu, 28 Apr 2022 17:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415289 The Court ruled in favor of the petitioner, quashing the finalized assessment and directing the respondent to process the revised income tax return for AY 2018-19. The Court highlighted the necessity to consider the revised return in light of the demerger's effects and previous judicial decisions supporting the acceptance of timely revised returns. The decision emphasized the importance of efficient electronic processing of returns to prevent similar issues in the future and ensure timely resolution of tax matters, providing relief to the petitioner from procedural hurdles faced. Case-Laws Income Tax Wed, 29 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415289