2024 INSC 760 NON-REPORTABLE IN THE SUPREME COURT OF INDIA CIVIL APPELLATE JURISDICTION CIVIL APPEAL NO. 6274 OF 2013 M/s. Shriram Investments … Appellant versus The Commissioner of Income Tax III Chennai … Respondent J U D G M E N T ABHAY S. OKA, J. FACTUAL ASPECTS 1. The appellant-assessee filed a return of income on 19th November 1989 under the Income Tax Act, 1961 (for short, ‘IT Act’) for the assessment year 1989-90. On 31st October 1990, the appellant filed a revised return. As per intimation issued under Section 143(1)(a) of the IT Act on 27th August 1991, the appellant paid the necessary tax amount. On 29th October 1991, the appellant filed another revised return. The assessing officer did not take cognizance of the said revised return. Therefore, the appellant preferred an appeal before the Commissioner of Income Tax (Appeals) (for short, ‘CIT (Appeals)’). By the order dated 21st July 1993, the CIT (Appeals) dismissed the appeal on the ground that in view of Section 139(5) of