https://www.taxtmi.com/caselaws?id=27457 The court held that the revised return filed on October 5, 1968, was valid under section 139(5) of the Income Tax Act, 1961, and provided the starting point for the limitation period. The assessment completed on September 22, 1969, was deemed valid as it fell within the one-year period allowed by section 153(1)(c). Additionally, the court considered the applicability of section 153(1)(b) for assessments involving concealment of income and found the assessment to be valid within the eight-year period. The court ruled in favor of the Revenue, determining that the assessment was not barred by limitation under sections 153(1)(b) and 153(1)(c). en-us Wed, 24 Dec 1980 00:00:00 +0530 Sat, 13 Feb 2010 10:07:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27457 The court held that the revised return filed on October 5, 1968, was valid under section 139(5) of the Income Tax Act, 1961, and provided the starting point for the limitation period. The assessment completed on September 22, 1969, was deemed valid as it fell within the one-year period allowed by section 153(1)(c). Additionally, the court considered the applicability of section 153(1)(b) for assessments involving concealment of income and found the assessment to be valid within the eight-year period. The court ruled in favor of the Revenue, determining that the assessment was not barred by limitation under sections 153(1)(b) and 153(1)(c). Case-Laws Income Tax Wed, 24 Dec 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27457