07 November 2011
if revised return is filed under section 153A/C after filing return required as per notice u/s 153A/C then what is the time limit for filing such revised return? please help. Also support it with some relevant case law!
07 November 2011
Clause (a) of section 153A(1) provides for issuance of notice requiring the assessee to furnish returns for preceding six assessment years. It further provides that all the provisions of the Income Tax Act shall so far may be, apply accordingly as if such returns were a return required to be furnished under section 139. THEREFORE TIME LIMIT AS SPECIFIED IN SECTION 139(5) WILL APPLY IN THIS CASE