Sanddep Jain vs. DCIT

Parties Involved

Facts Summary

The assessee, Sanddep Jain, filed an original income tax return for the assessment year 2017-18 on 30-10-2017 declaring a total income of Rs. 1,07,61,130/-. He filed a revised return on 25-03-2019 declaring a total income of Rs. 1,11,72,770/-. The revised return was rejected by the Assessing Officer as invalid, and the assessee appealed to the Commissioner of Income Tax (Appeals) who partly allowed the appeal. The assessee further appealed to the Income Tax Appellate Tribunal. The Tribunal allowed the appeal, holding that the revised return should be treated as valid.…

Legal Issues

• 1. Whether the revised return filed by the assessee under section 139(5) is valid?
• 2. Whether the assessee is entitled to claim foreign tax credit for both federal and state taxes paid in the USA?

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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