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Chapter No. 07 - REVISED RETURN [Sec. 139(5)]
Is Permission is Required For Filing Of Revised Return?
There is no provision in the Income –tax Act to seek permission to revise a return. It is a right of the assessee to submit such return. However, an application purporting to be under section 139(5), seeking permission to revise the return as originally filed, cannot be treated as a revised return-Waman Padmanabh Dande v. CIT1952 (4) TMI 37 - Nagpur High Court.
Right to file revised return: no prior permission required and permission-application cannot substitute for revision. No prior permission is required to file a revised return; the assessee has a right to submit a revised return. An application framed as seeking permission to revise the originally filed return cannot be treated as, or substitute for, a valid revised return, and therefore does not meet the statutory mechanism for revision. of Press 'Enter' after typing page number.
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