Case Law Details
Case Name : The Assistant Commissioner of Income-tax Vs Shri A. N. Annamalaisamy (HUF) (ITAT Chennai)
Related Assessment Year : 2009- 10
Courts :
All ITAT ITAT Chennai
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Assessing Officer was carried away by the original return filed by the assessee, wherein originally the income admitted in the course of search was not returned by it. But the fact is that the assessee had filed a revised return before completing the assessment.
When that is the case, the first return filed by the assessee is a non est. The only valid return is the revised return filed by the assessee. In that return, the amount admitted by the assessee at the time of search was offered for taxation. The assessee has paid the
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