AO should take Cognizance of Claim made by Assessee on filing of Revised Returns and should proceed in Assessment Stage: ITAT [Read Order]

By Taxscan Team - On November 8, 2022 4:08 pm - 2 mins read
Claim - Revised Returns - Assessment - ITAT - taxscan

The Income Tax Appellate Tribunal (ITAT), Ahmedabad held that Assessing Officer (AO) should take cognizance of claim made by assessee on filing of revised returns and should proceed in assessment stage: ITAT The assessee, Kothari Brothers filed return of income on 24.11.2007 declaring total income at Rs.3,52,960. During the period under consideration the assessee was…

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