Validity of scrutiny assessment- Notice issued U/s. 143(2) based on original Vs revised return

M/s Padmini Products Pvt. Ltd. Vs DCIT (ITAT Bangalore) Assessee filed return of income declaring loss and thereafter, filed revised return enhancing the amount of loss declared in the original return. The case of the assessee was selected for scrutiny and notice under section 143(2) was issued by AO. The assessee contended that the scrutiny assessment proceedings were not valid because the notice under section 143(2) was issued pursuant to original return of income and not on the basis of revised return of income filed by the assessee. Argument of the assessee is not correct as there is no st...