https://www.taxtmi.com/highlights?id=73090 Validity of revised return 139(5) - Revised return did not conform to the prescription of section 139(5), before its substitution w.e.f. A.Y. 2017-18, which provided for revision of a return filed u/s. 139(1) and not u/s. 139(4) of the Act. The substituted section 139(5) now liberalizes the revision of return originally filed under sub-section (1) or under sub-section (4). The amendment has come into vogue from the A.Y. 2017-18. - Assessment based on revised return is invalid - AT en-us Sat, 18 Nov 2023 15:48:19 +0530 Sat, 18 Nov 2023 15:53:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=73090 Validity of revised return 139(5) - Revised return did not conform to the prescription of section 139(5), before its substitution w.e.f. A.Y. 2017-18, which provided for revision of a return filed u/s. 139(1) and not u/s. 139(4) of the Act. The substituted section 139(5) now liberalizes the revision of return originally filed under sub-section (1) or under sub-section (4). The amendment has come into vogue from the A.Y. 2017-18. - Assessment based on revised return is invalid - AT Highlights Income Tax Sat, 18 Nov 2023 15:48:19 +0530 https://www.taxtmi.com/highlights?id=73090