Income Tax return filed belatedly cannot be revised under section 139(5)

Vijay Channabasav Suttatti Vs ACIT (ITAT Pune) Income Tax Return revision right under section 139(5) was denied and not at all available to assessee who has filed belated return under section 139(4). The adjudication for the impugned assessment year shall rest on answering two blatant questions; (a) whether income reported by filing belated return filed can be varies by filing revised return u/s 139(5) of the Act? And (b) whether income reported under belated return can be varied on the pretext of its un-realisation or unearned for any good and sufficient reasons? In answering the aforestated ...