Assessee filed return for assessment year 2022-23 declaring loss of Rs. 45.47 crores. CPC issued notice under section 139(9) treating the return as defective for non-audit under section 44AB on the ground that gross receipts exceeded Rs.10 crores. Assessee contended that turnover was below the prescribed limit. However, CPC declared the return invalid. Revision application filed under section 264 was dismissed by the Commissioner, holding that such declaration was not an order revisable under section 264. On writ, the Court held that a declaration given under section 139(9) is clearly an order which is revisable under section 264. Accordingly, the order passed by the Commissioner was quashed and set aside.\u00a0 [AY. 2022-23]<\/p>\n","protected":false},"excerpt":{"rendered":"
S. 264: Commissioner-Revision of other orders-Defective return-A declaration given under section 139(9) is clearly an order that is revisable under section 264. The order of rejection by the Commissioner was set aside. [S. 44AB,139(9) Art. 226] <\/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_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[21],"tags":[],"class_list":["post-64474","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-gLU","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/64474","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=64474"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/64474\/revisions"}],"predecessor-version":[{"id":64475,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/64474\/revisions\/64475"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=64474"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=64474"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=64474"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}