Rectification in Revised Return Allowed Despite Late Filing of Original Return

Navneet Dutta Vs ACIT (ITAT Delhi) The case of Navneet Dutta Vs ACIT was heard by the Income Tax Appellate Tribunal (ITAT) Delhi. The assessee filed an appeal against the disallowance of loss from house property and the rejection of the rectification application under Section 154 of the Income Tax Act. The ITAT allowed the rectification in the revised return, even though the original return was filed late. The issue was remitted to the Assessing Officer to consider the revised return and make an order in accordance with the law. This article provides an analysis of the case and its implication...