https://www.taxtmi.com/caselaws?id=423755 The Tribunal allowed the Revenue's appeal against the direction to accept the revised return figures by the CIT(Appeals). While recognizing the validity of a revised return replacing the original, the Tribunal emphasized the lack of examination of the claim's genuineness. Consequently, the matter was remanded to the Assessing Officer for a detailed factual examination and verification of the assessee's claim in the revised return, ensuring a comprehensive review before a final decision. en-us Mon, 30 May 2022 00:00:00 +0530 Tue, 14 Jun 2022 08:29:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423755 The Tribunal allowed the Revenue's appeal against the direction to accept the revised return figures by the CIT(Appeals). While recognizing the validity of a revised return replacing the original, the Tribunal emphasized the lack of examination of the claim's genuineness. Consequently, the matter was remanded to the Assessing Officer for a detailed factual examination and verification of the assessee's claim in the revised return, ensuring a comprehensive review before a final decision. Case-Laws Income Tax Mon, 30 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423755