ITAT’s order was unjustified as original return was not restored before AO after holding revised return time-barred

INCOME TAX : Where assessee pursuant to survey conducted upon it filed its revised return and an assessment order was passed making certain disallowances/additions, however, Tribunal held revised return as barred by limitation and also deleted such disallowances/additions, Tribunal was justified in holding revised return as barred by limitation but it was not justified in going into issue of disallowances before Assessing Officer had an opportunity of assessing original return and determining taINCOME TAX : Where assessee pursuant to survey conducted upon it filed its revised return and an assessment order was passed making certain disallowances/additions, however, Tribunal held revised return as barred by limitation and also deleted such disallowances/additions, Tribunal was justified in holding revised return as barred by limitation but it was not justified in going into issue of disallowances before Assessing Officer had an opportunity of assessing original return and determining tawww.taxmann.com Latest Case LawsRead More

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