https://www.taxtmi.com/highlights?id=62258 Non considering the revised return filed by the assessee for rectifying the mistake in claim of depreciation - In this case, the original return was not filed under Sub-Sec.(1) or Sub-Sec.(4) and thus, the belated return filed by the assessee is an invalid return. Therefore, the AO is not bound to consider invalid return. Hence, we are of the considered view that there is no error in the reasons given by the AO in not considering the revised return filed by the assessee for rectifying the mistake in claim of depreciation. - AT en-us Thu, 03 Mar 2022 11:22:13 +0530 Thu, 03 Mar 2022 11:22:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=62258 Non considering the revised return filed by the assessee for rectifying the mistake in claim of depreciation - In this case, the original return was not filed under Sub-Sec.(1) or Sub-Sec.(4) and thus, the belated return filed by the assessee is an invalid return. Therefore, the AO is not bound to consider invalid return. Hence, we are of the considered view that there is no error in the reasons given by the AO in not considering the revised return filed by the assessee for rectifying the mistake in claim of depreciation. - AT Highlights Income Tax Thu, 03 Mar 2022 11:22:13 +0530 https://www.taxtmi.com/highlights?id=62258