https://www.taxtmi.com/caselaws?id=763405 The ITAT Ahmedabad held that a revised return filed under section 139(5) after filing a belated return under section 153A is invalid. The assessee filed a belated return on 10.10.2013 and attempted to revise it on 30.03.2014. The tribunal ruled that belated returns cannot be revised under section 139(5), making the revised return legally invalid. Consequently, the assessee could not claim section 54B benefits in the invalid revised return. The tribunal upheld the CIT(A)'s order and decided against the assessee. en-us Tue, 17 Dec 2024 00:00:00 +0530 Thu, 19 Dec 2024 08:47:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=763405 The ITAT Ahmedabad held that a revised return filed under section 139(5) after filing a belated return under section 153A is invalid. The assessee filed a belated return on 10.10.2013 and attempted to revise it on 30.03.2014. The tribunal ruled that belated returns cannot be revised under section 139(5), making the revised return legally invalid. Consequently, the assessee could not claim section 54B benefits in the invalid revised return. The tribunal upheld the CIT(A)'s order and decided against the assessee. Case-Laws Income Tax Tue, 17 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=763405