https://www.taxtmi.com/caselaws?id=59090 The Appellate Tribunal ruled in favor of the assessee, allowing the submission of multiple revised returns under section 139(5) until the assessment process is completed, contrary to the department's argument that only one revised return was permissible. The Tribunal also upheld the right of the assessee to file a revised return even after the draft assessment order had been forwarded to the Income-tax Appellate Commissioner under section 144B(2), emphasizing that the assessment is not considered complete until finalized by the assessing officer post IAC's instructions. Additionally, the Tribunal clarified that the extended period under section 153(1)(c) does not restrict the filing of revised returns, affirming the Commissioner (Appeals)'s decision to allow a revised return and directing a fresh assessment based on it. en-us Sat, 30 Apr 1983 00:00:00 +0530 Thu, 23 Dec 2010 18:35:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59090 The Appellate Tribunal ruled in favor of the assessee, allowing the submission of multiple revised returns under section 139(5) until the assessment process is completed, contrary to the department's argument that only one revised return was permissible. The Tribunal also upheld the right of the assessee to file a revised return even after the draft assessment order had been forwarded to the Income-tax Appellate Commissioner under section 144B(2), emphasizing that the assessment is not considered complete until finalized by the assessing officer post IAC's instructions. Additionally, the Tribunal clarified that the extended period under section 153(1)(c) does not restrict the filing of revised returns, affirming the Commissioner (Appeals)'s decision to allow a revised return and directing a fresh assessment based on it. Case-Laws Income Tax Sat, 30 Apr 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59090