https://www.taxtmi.com/caselaws?id=770320 ITAT Allahabad held that processing under section 143(1) does not constitute assessment under section 139(5), allowing revised returns post-processing. The assessee filed a false return to meet NTPC tender qualification criteria, later retracting it with supporting NTPC vigilance inquiry evidence. Since AO found no evidence of undisclosed transactions beyond declared income and assessee provided material demonstrating the return's falsity for tender purposes, the matter was restored to AO for fresh assessment considering NTPC findings to determine true income. Assessee's appeal partly allowed, Department's appeal allowed for statistical purposes. en-us Tue, 31 Dec 2024 00:00:00 +0530 Fri, 09 May 2025 09:12:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770320 ITAT Allahabad held that processing under section 143(1) does not constitute assessment under section 139(5), allowing revised returns post-processing. The assessee filed a false return to meet NTPC tender qualification criteria, later retracting it with supporting NTPC vigilance inquiry evidence. Since AO found no evidence of undisclosed transactions beyond declared income and assessee provided material demonstrating the return's falsity for tender purposes, the matter was restored to AO for fresh assessment considering NTPC findings to determine true income. Assessee's appeal partly allowed, Department's appeal allowed for statistical purposes. Case-Laws Income Tax Tue, 31 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770320