Second Revised Tax Return Post-Merger Rejected Due to Late Filing Beyond Section 139(5) Deadline; No Exceptions Allowed.

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....Revised return incorporating the merger - since there is a limitation provided under section 139(5) which cannot be ignored, we have to hold that the second revised return filed was beyond the time-limit prescribed. We cannot direct the Assessing Officer or the Dispute Resolution Panel to consider the same, when the law itself does not permit the same - AT....