Once a return is filed under Section 153A of the Act, the return filed under Section 139 of the Act becomes ‘non-est

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Once a return is filed under Section 153A of the Act, the return filed under Section 139 of the Act becomes ‘non-est

 

Recently, the Hon’ble Delhi ITAT has deleted the penalty levied under Section 271(1)(c) of the Act on the amount surrendered during the course of search and reported in the return of income filed under Section 153A of the Act.
Hon’ble ITAT relying on Hon’ble jurisdictional High Court decision in the case of Neeraj Jindal 79 taxmann.com 96 held that once a return is filed under Section 153A of the Act, the return filed under Section 139 of the Act becomes ‘non-est’ and any concealment or furnishing of inaccurate particulars of income has to be seen on any income added/ assessed over and above the income returned under Section 153A return.
The copy of the Judgement is as under:
Once a return is filed under Section 153A of the Act, the return filed under Section 139 of the Act becomes ‘non-est
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