What's the significance of return filed in response to notice u/s. 148 ? is AO supposed to consider original return filed u/s 139 or the return filed u/s. 148 for assessment purposes?
suppose there's an income disclosure in 148 return which wasn't disclosed in 139 return, how will such income be dealt with?
1 Replies
Sharath chandra
(Accountant)
(1227 Points)
Replied 15 January 2024
Obviously the new return will replace the old return and the new return will be considered as return filed u/s 139.
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