GST- Goods And Service Tax
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Revised IT Returned Filed after issuance of Scrutiny notice- Income Tax Appellate TribunalThe Assessee Filed a IT return, Subsequently he filed revised return of income in which he claimed deduction under section 54. The Assessing officer rejected the claim held that revised return was filed after scrutiny notice issuance, so revised return is held invalid. The Commissioner also confirmed the same.
The Assessee filed an appeal before ITAT
The ITAT upheld Assessee claim, stating that revised return was filed by assessee within prescribed time limits and there was no restriction in the section 139(5) about filing IT return after issuance of scrutiny notice so revised return cant be considered as invalid and therefor said deduction claim by assessee is valid.