{"id":1519,"date":"2018-06-30T11:05:36","date_gmt":"2018-06-30T11:05:36","guid":{"rendered":"http:\/\/itatonline.org\/digest\/mahesh-h-hinduja-v-ito-mumtrib-www-itatonline-org\/"},"modified":"2019-03-09T07:18:36","modified_gmt":"2019-03-09T07:18:36","slug":"mahesh-h-hinduja-v-ito-mumtrib-www-itatonline-org","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/mahesh-h-hinduja-v-ito-mumtrib-www-itatonline-org\/","title":{"rendered":"Mahesh H. Hinduja v. ITO ( 2018) 171 ITD 471  \/ 171 DTR 12\/ 195 TTJ 1068(Mum)(Trib), www.itatonline.org"},"content":{"rendered":"<p>Assessee filed the revised return u\/s 139(5),\u00a0offering the capital gain and claiming exemption u\/ S.54\u00a0 of the Act.AO held that the revised return being invalid the assessee is not entitle to exemption u\/s 54 of the Act which was confirmed by the CIT(A) . On appeal allowing the appeal the Tribunal held that ; there is no bar \/ restriction that an assessee cannot file a revised return of income after issuance of notice u\/s 143(2). A revised return of income can be filed even in course of the assessment proceedings provided the time limit prescribed u\/s 139(5) is available. The Departmental Authorities are not expected to deny assessee\u2019s legitimate claim by raising technical objection .\u00a0( ITA No. 176\/Mum\/2017, dt. 20.06.2018)(AY. 2011-12)<\/p>\n<p><strong><a href=\"http:\/\/itatonline.org\/archives\/wp-content\/uploads\/Mahesh-Hinduja-revised-return.pdf\">[Click here to download PDF file]<\/a>\u00a0<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 54 : Capital gains &#8211; Profit on sale of property used for residence &#8211; Return- There is no bar \/ restriction that an assessee cannot file a revised return of income after issuance of notice u\/s 143(2). A revised return of income can be filed even in course of the assessment proceedings provided the time limit prescribed u\/s 139(5) is available. The Departmental Authorities are not expected to deny assessee\u2019s legitimate claim of deduction by raising technical objection- Exemption claimed in revised return was directed to be allowed .    [ S.139(5) 143(2) ]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1519","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-ov","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/1519","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=1519"}],"version-history":[{"count":5,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/1519\/revisions"}],"predecessor-version":[{"id":4298,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/1519\/revisions\/4298"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=1519"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=1519"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=1519"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}