#updated return

ITAT Bangalore rules that an updated return under Section 139(8A) filed during pending assessment proceedings is invalid, reinforcing that ex-parte assessments must afford assessees a fair hearing. The tribunal remanded unexplained income additions for fresh adjudication, emphasizing compliance with natural justice principles in tax proceedings.

ITAT Dehradun rules that taxpayers who voluntarily disclose additional income via an updated return and pay due taxes before issuance of a show-cause notice (SCN) cannot be penalized under Section 270A of the Income Tax Act. The ruling underscores that acceptance of the updated return by the Assessing Officer negates any allegation of under-reporting or misreporting, protecting taxpayers from punitive penalties.