https://www.taxtmi.com/caselaws?id=759714 SC held that assessing officer lacks jurisdiction to consider claims made in revised returns filed beyond the statutory limitation period under Section 139(5) of IT Act. The Tribunal erred in directing the assessing officer to consider appellant's claim from a time-barred revised return dated 29th October 1991. Court distinguished Wipro Finance Ltd case, noting it concerned Tribunal's appellate powers under Section 254, not assessing officer's jurisdiction over time-barred claims. Following Goetzge (India) Ltd precedent, assessing officer cannot entertain claims outside statutory provisions. HC's order setting aside Tribunal's direction was upheld. en-us Fri, 04 Oct 2024 00:00:00 +0530 Thu, 30 Apr 2026 10:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=759714 SC held that assessing officer lacks jurisdiction to consider claims made in revised returns filed beyond the statutory limitation period under Section 139(5) of IT Act. The Tribunal erred in directing the assessing officer to consider appellant's claim from a time-barred revised return dated 29th October 1991. Court distinguished Wipro Finance Ltd case, noting it concerned Tribunal's appellate powers under Section 254, not assessing officer's jurisdiction over time-barred claims. Following Goetzge (India) Ltd precedent, assessing officer cannot entertain claims outside statutory provisions. HC's order setting aside Tribunal's direction was upheld. Case-Laws Income Tax Fri, 04 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=759714