Held that once revised return is filed u/s 139 (5), it replaces the original return and the original return ceased to exist. The Assessing Officer was right in passing the order under section 154 of the Act. (AY. 2014-15)
Dy. CIT v. Zen Technologies Ltd. (2021) 92 ITR 21 (SN) (Hyd.)(Trib.)
S. 154 : Rectification of mistake-Revised return declaring lower loss-Assessment based on original return-Rectification order passed by the Assessing Officer based on revised return-Held to be valid. [S. 35(2AB), 139(5), 143(3)]