No Jurisdiction to AO for considering Claim by Assessee in Revised Return filed after Time Prescribed u/s 139(5) of Income Tax Act: Supreme Court [Read Order]
The Apex court viewed that in the case of Goetzge (India) Ltd, the Court held that the assessing officer cannot entertain any claim made by the assessee otherwise than by following the provisions of the IT Act
In a significant case, the Supreme Court while upholding the order of the Madras High Court held that the Assessing Officer ( AO ) had no jurisdiction to consider the claim by Assessee in revised return filed after time prescribed under section 139(5) of Income Tax Act, 1961. Shriram Investments, the appellant-assessee filed a return…
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