In the absence of any revised return under the IT Act, no claim of the assessee could be considered by way of a simple letter

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Last updated: 25 June 2021
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The Income Tax Appellate Tribunal ruled that an assessee cannot claim an excise subsidy as a capital receipt through a simple letter. The Assessing Officer correctly noted that according to Section 139(5) of the Income-tax Act, any such claim must be made via a revised return, not just a letter. Therefore, the assessee's request to reclassify the subsidy was denied.

Court :
ITAT Delhi

Brief :
Aggrieved by the order dated 19.03.2018 passed by the learned Commissioner of Income Tax (Appeals)-12, New Delhi ("Ld. CIT(A)") for the assessment year 2013-14, Modern Papers (“the assessee”) filed this appeal.

Citation :
ITA No. 3931/Del/2018

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