Claims to be made through revision of return

Ritika Pundir (CA) (154 Points)

02 March 2016  

Capital gains accrued to the assesse against which exemption was claimed u/s 54. Inadvertently the CG schedule was not filed in the return as there was no tax effect. Is it necessary to file a revised return? Can the AO deny claim of exemption on grounds that the schedule was not filed or a revised return was not filed? Refering to the decision of the Supreme Court in Goetze India Ltd., please guide. Also, can anyone provide a copy of the high court/ tribunal's order of this case?

CA Ritika Pundir