https://www.taxtmi.com/caselaws?id=777005 HC held that a revised return filed within the period under s.139(5) obliterated the original return, and the AO erred in ignoring that revised return and basing assessment on the original, rendering the assessment illegal. The Tribunal's incorrect recording of the revised return date led to a flawed conclusion that the defect was merely irregular. The HC set aside the assessment order and remitted the matter to the AO to redetermine taxable income after considering the revised return, noting s.143 applies to revised returns filed under s.139(5). en-us Thu, 14 Aug 2025 00:00:00 +0530 Thu, 05 Mar 2026 12:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777005 HC held that a revised return filed within the period under s.139(5) obliterated the original return, and the AO erred in ignoring that revised return and basing assessment on the original, rendering the assessment illegal. The Tribunal's incorrect recording of the revised return date led to a flawed conclusion that the defect was merely irregular. The HC set aside the assessment order and remitted the matter to the AO to redetermine taxable income after considering the revised return, noting s.143 applies to revised returns filed under s.139(5). Case-Laws Income Tax Thu, 14 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777005