https://www.taxtmi.com/caselaws?id=445752 The ITAT Pune held that a revised return filed under section 139(5) to revise a belated return originally filed under section 139(4) was invalid for A.Y. 2015-16. The pre-substituted section 139(5) only permitted revision of returns filed under section 139(1), not section 139(4). Since the case was selected for Limited Scrutiny under CASS based on the invalid revised return claiming section 54F exemption, and the notice under section 143(2) was issued with reference to this invalid return, the entire assessment order was illegal. The ITAT vacated the assessment order and allowed the assessee's appeal. en-us Tue, 14 Nov 2023 00:00:00 +0530 Sat, 18 Nov 2023 15:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445752 The ITAT Pune held that a revised return filed under section 139(5) to revise a belated return originally filed under section 139(4) was invalid for A.Y. 2015-16. The pre-substituted section 139(5) only permitted revision of returns filed under section 139(1), not section 139(4). Since the case was selected for Limited Scrutiny under CASS based on the invalid revised return claiming section 54F exemption, and the notice under section 143(2) was issued with reference to this invalid return, the entire assessment order was illegal. The ITAT vacated the assessment order and allowed the assessee's appeal. Case-Laws Income Tax Tue, 14 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445752