https://www.taxtmi.com/caselaws?id=35711 The court ruled in favor of the department, upholding the validity of filing a second revised return under section 139(5) of the Income-tax Act, 1961. It was determined that a second revised return can be submitted after an initial revised return, extending the time for assessment completion under section 153(1)(c). The court emphasized that a revised return under section 139(5) supersedes the original return, allowing for corrections and amendments. The decision affirmed the practice of accepting multiple revised returns and granted costs of Rs. 200 to the department, with counsel fees set at the same amount. en-us Mon, 05 Nov 1979 00:00:00 +0530 Tue, 16 Mar 2010 12:22:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35711 The court ruled in favor of the department, upholding the validity of filing a second revised return under section 139(5) of the Income-tax Act, 1961. It was determined that a second revised return can be submitted after an initial revised return, extending the time for assessment completion under section 153(1)(c). The court emphasized that a revised return under section 139(5) supersedes the original return, allowing for corrections and amendments. The decision affirmed the practice of accepting multiple revised returns and granted costs of Rs. 200 to the department, with counsel fees set at the same amount. Case-Laws Income Tax Mon, 05 Nov 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35711