Return filed in response to notice U/s. 153A(1)(a) eligible for Section 139(3) benefits

Shrikant Mohta Vs CIT (Calcutta High Court) When search operations are conducted under Section 132 of the Act, the obligation of the assessee to file any return remains suspended till such time that a notice is issued for such purpose under Section 153A(1)(a) of the Act. If the return is filed by the assessee within the reasonable time permitted by such notice under Section 153A(1)(a) of the Act, such return would then be deemed to have been filed within the time  permitted under Section 139 (1) of the Act for the benefit under Section 139(3) of the Act to be availed of by the assessee. FULL ...