S. 153A Return is deemed to be Return u/s 139(1), Restrictive provisions of S. 80 do not apply: ITAT [Read Order]

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) in ‘Asst.Commissioner of Income Tax v. M/s Splendour’ Land Base Ltd held that return under section 153A shall be deemed to be return under section 139(1) and the return under section 153A once accepted and assessed replaces original return under section 139 and the restrictive provisions […]

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