Claim of enhanced amount of carry forward loss in revised return filed within time permitted u/s 139(5) allowable

Anagha Vijay Deshmukh Vs DCIT, CPC (ITAT Pune) ITAT Pune held that once a revised return is filed within the time permitted u/s.139(5), it substitutes the original return in all respects. Accordingly, claim of enhanced amount of carry forward of loss vide revised return is allowable. Facts- The assessee is a non-resident staying in Edina, USA. She filed the return electronically on 31-08-2015 declaring total income at Rs.1,15,500/- earned from rent and interest on fixed deposits etc., after claiming carry forward of loss under the head `Capital gains’ to the tune of Rs.43,221/-. The assessee...