https://www.taxtmi.com/caselaws?id=55247 The Appellate Tribunal ITAT Ahmedabad-A ruled that the revised return filed by the assessee under section 139(5) of the Income Tax Act was not valid to extend the assessment completion period. Citing conflicting High Court opinions and Instruction No. 388 from CBDT, the Tribunal held that the assessment order by the ITO was time-barred. The Tribunal annulled the assessment order, emphasizing the precedents supporting the assessee and the guidance of Instruction No. 388. Additionally, the Tribunal advised the ITO to consider a related High Court decision on tax refunds in such cases. en-us Fri, 29 Jul 1994 00:00:00 +0530 Wed, 24 Nov 2010 18:19:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55247 The Appellate Tribunal ITAT Ahmedabad-A ruled that the revised return filed by the assessee under section 139(5) of the Income Tax Act was not valid to extend the assessment completion period. Citing conflicting High Court opinions and Instruction No. 388 from CBDT, the Tribunal held that the assessment order by the ITO was time-barred. The Tribunal annulled the assessment order, emphasizing the precedents supporting the assessee and the guidance of Instruction No. 388. Additionally, the Tribunal advised the ITO to consider a related High Court decision on tax refunds in such cases. Case-Laws Income Tax Fri, 29 Jul 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55247