SHEELA GUPTA, Alwar v. ITO, Alwar

MA 10/JPR/2017 | 2008-2009
Pronouncement Date: 28-11-2017 | Result: Dismissed

Appeal Details

RSA Number 1023124 RSA 2017
Assessee PAN ACWPG6343C
Bench Jaipur
Appeal Number MA 10/JPR/2017
Duration Of Justice 9 month(s) 29 day(s)
Appellant SHEELA GUPTA, Alwar
Respondent ITO, Alwar
Appeal Type Miscellaneous Application
Pronouncement Date 28-11-2017
Appeal Filed By Assessee
Tags Smt. Sheela Gupta.
Order Result Dismissed
Bench Allotted A
Tribunal Order Date 28-11-2017
Last Hearing Date 29-09-2017
First Hearing Date 29-09-2017
Assessment Year 2008-2009
Appeal Filed On 30-01-2017
Judgment Text
VK;DJ VIHYH; VF/KDJ.K] T;IQJ U;K;IHB] T;IQJ IN THE INCOME TAX APPELLATE TRIBUNAL JAIPUR BENCHE S JAIPUR JH HKKXPUN] YS[KK LNL; OA JH DQY HKKJR] U;KF;D LNL; DS LE{K BEFORE: SHRI BHAGCHAND AM AND SHRI KUL BHARAT JM M.A. NO. 10/JP/2017 (ARISING OUT OF IN ITA NO. 518/JP/2014) FU/KZKJ.K O'K Z@ ASSESSMENT YEAR : 2008-09. SMT. SHEELA GUPTA PROP. M/S BHAGWAT TRADING CO . 26 NEW ANAJ MANDIR KHERLI ALWAR. CUKE VS. THE INCOME TAX OFFICER WARD 1(2) ALWAR. LFKK;H YS[KK LA-@THVKBZVKJ LA-@ PAN NO. ACWPG 6343 C VIHYKFKHZ@ APPELLANT IZR;FKHZ@ RESPONDENT FU/KZKFJRH DH VKSJ LS@ ASSESSEE BY : SHRI P.C. PARWAL (ADVOCATE) JKTLO DH VKSJ LS@ REVENUE BY : SHRI R.A. VERMA (ADDL. CIT) LQUOKBZ DH RKJH[K@ DATE OF HEARING : 27.10.2017. ?KKS'K .KK DH RKJH[K@ DATE OF PRONOUNCEMENT : 28/11/2017. VKNS'K@ ORDER PER SHRI KUL BHARAT JM. THE ASSESSEE HAS FILED THIS MISCELLANEOUS APPLICAT ION SEEKING RECTIFICATION OF THE TRIBUNALS ORDER PASSED IN ITA NO. 518/JP/2014 PERTAINING TO THE ASSESSMENT YEAR 2008-09. LD. COUNSEL FOR THE ASSESSEE REITERA TED THE SUBMISSIONS AS MADE IN THE MISCELLANEOUS APPLICATION. THE CONTENTS OF THE MISCELLANEOUS APPLICATION ARE REPRODUCED AS UNDER:- LSOK ESA] JHEKU~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`IK DJSAA M.A. NO.10/JP/2016 DH IKFJR VKNS'K DH NK;KIZFR LAYXU GSA EX- 1 JHEKU MH-VKJ- EGKSN; DS DGUS LS JHEKU LNL; EGKSN; US ESJH VIHY UA- 518/JP/2014 DKS VLOHDKJ DJ FN;K VKSJ ESJS F[KYKQ VIHY FU.KZ; E SA BRUK CMK YKANU YXK FN;K FD ODHY LKGC TKUCW>DJ VK;DJ VK;QDR E GKSN; VIHY DS LE{K IS'K UGHA GQ VKSJ VC VKIDS LE{K HKH TKUCW>DJ I.T.A.T. DS LE{K GKFTJ UGHA GQ GSA JHEKU LNL; EGKSN; US VIUS FU.KZ; ESA ;G FY[ KDJ VIHY [KKFJT DJ NH DH & THUS THE ASSESSES HAD TRIED TO INTERFERE IN THE PROCESS OF JUSTICE BY INCORPORATING SOMETHING WHICH WAS NOT ON RECORD ASSESSEE HAS TRIED TO MISLEAD THE FACTS ON RECORD CONSEQUENTLY THE APPEAL OF THE ASSESSEE IS DISMISSED. VXJ JHEKU LNL; EGKSN; BL RF; DH IQFV JHEKU VK;DJ VK;QDR EGKSN; VIHY VYOJ LS DJ YSRS RKS FLFKFR LIV GKS TKRH DH /KKJK 154 DS IZKFKZUK I= ESA ;G IGYS LS GH FY[KK GQVK FKK FD& VXJ VKI LGER UGHA GS RKS EQ>S LQUOKBZ DK EKSDK FN;K TKOS BL RF; DH IQFV DS FY ESUSA LCWR ESA JHEKU LNL; E GKSN; DS IKL /KKJK 154 DS IZKFKZUK I= DH LR; IZFR TKS JHEKU VK;DJ VK;QDR E GKSN; VIHY VYOJ DS DK;KZY; LS YH XBZ FKH] MLDH EWY IZFR IS'K DJ NH XBZ FKHA VKIDH LSOK ESA MLDH NK;KIZFR IQU% IS'K DH TK JGH GSA EX-2 3 M.A. NO. 10/JP/2017. SMT. SHEELA GUPTA ALWAR. VKIDH LSOK ESA I.T.A.T. DS VIHY FU.KZ; UA- 518/JP/2014 O IZKFKZUK I= /KKJK 254 2 DH HKH NK;KIZFR IQU% IS'K DH TK JGH GSA EX-3 & EX-4 JHEKU LNL; EGKSN; US JHEKU MH-VKJ- EGKSN; DS DGUS LS NWLJK YKANU ;G YXK;K GS FD ODHY LKGC JHEKU VK;DJ VK;QDR EGKSN; VI HY VYOJ DS LE{K TKUCW.DJ IS'K UGHA GQ A JHEKU TH BL LUNHKZ ESA ESJK FUOSNU GS FD TC EQ>S UKSFVL NSDJ CQYK;K GH UGHA X;K RKS ESA MUDS LE{K DSLS GKFT J GKSRKA ;G /KKJK 154 DK VKNS'K MUGKSUSA FCUK IS'KH DK UKSFVL TKJH FD;S IKFJR FD;K GSA BL RF; DH IQFV VKI I=KOYH EAXKDJ DJ LDRS GSA JHEKU LNL; EGKSN; US JHEKU MH-VKJ- EGKSN; DS DGUS LS RHLJK YKANU ;G YXK;K GS FD ODHY LKGC TKUCW> DJ VKIDS LE{K HKH IS'K H IJ GKFTJ UGHA GQ;S GSA BL IZ'U DK TCKC HKH ESA VIUS I= FNUKAD 26@02@2016 D KS NS PQDK GWWAA BL I= DH NK;K IZFR LAYXU GSA EX-5 BL I= DKS ESA EQ[; VA'K RE-PRODUCE DJ JGK GWWAA ESA VKILS ;G FUOSNU DJUK PKGRK GWWA FD ESA FINYS 26 LKY LS HEART PATIENT GWWA BLFY EQ>S MKDVJKSA US LQJ DS FY EUK DJ J[KK GSA ESA FINYS 26 LKY LS EKUUH; VK;DJ VIHYH; VF/KDJ.K T;IQJ DS LE{K WRITTEN SUBMISSION DS VK/KKJ IJ GH VIHYKSA ESA FU.KZ; IKFJR DJKRK VK JGK GWWAA IS'KH IJ GKFTJ U GKSUS DS FY EQ>S {KEK D JSAXS JHEKU LNL; EGKSN; US JHEKU MH-VKJ- EGKSN; DS DGUS LS PKSFKK YKANU ;G YXK;K GS FD& THE PAPER FILED WITH SUBMISSION BEFORE I.T.A.T. TH AT THEY DO NOT CERTIFY THAT THEY ARE CERTIFIED COPIES. BL LUNHKZ ESA FUOSNU GS FD JHEKU LGK;D IATHDKJ EGK SN; I.T.ACT 1961 DH /KKJK 285 DS V/KHU DH XBZ VIHY ESA VIHYKFKHZ DH =QF V;KSA DH LALWPUK GSRQ VK-D-V- LA[;K 518/JP/2014 TKJH FD;K X;K FKKA BLDH IKYUK ESA RQJUR 13@08@2014 DKS TCKC NS FN;K FKKA VKIDH LSOK ESA ML TCKO DH NK;KIZF R IS'K GSA EX &6 VXJ JHEKU IATHDKJ EGKSN; US I=KOYH IJ DKXT UGHA YXK;S G S RKS ESJH BLESA XYRH UGHA GSA JHEKU LNL; EGKSN; US M.A. NO.10/JP/2016 ESA TKS FU.KZ; FN;K GS OG FOK; (SUBJECT MATTER) LS GVDJ FN;K GSA ESUS ESJH M.A. ESA TKS XYFR;KWA CRKBZ FKH MU IJ FU.KZ; ESA D 'KCN HKH UGHA FY[KK GSA ESJH BL M.A. DKS VLOHDKJ DJ JHEKU LNL; EGKSN; US U;K; UGHA FD;K GSA VXJ ESFJV IJ ESJH M.A. DKS JHEKU LNL; EGKSN; 4 M.A. NO. 10/JP/2017. SMT. SHEELA GUPTA ALWAR. LOHDKJ DJ ESJH VIHY DKS ESFJV IJ VLOHDKJ DJ NSRS RK S EQ>S FCYDQY NQ%[K UGHA GKSRKA VK;DJ VIHYH; VF/KDJ.K] T;IQJ RF;KSA FACTS DS VK/KKJ IJ FU.KZ; NSUS OKYH VFURE U;K;KY; GSA BL U;K;KY; }KJK RF;KSA DS VK/KKJ IJ FU.KZ; DJUS OKYS IZDJ.K ESA MPP U;K;KY; O MPPRE U;K;KY; RD LQUOKBZ VIHY UGHA GSA JHEKU LNL; EGKSN; US VIUS VKNS'K M.A. NO.10/JP/2016 ESA FDRUS RF; XYR FY[KS GS FD %& NONE APPEARED ON BEHALF OF THE ASSESSEE IN SPITE OF SERVICE OF NOTICE OF THIS HEARING. CONSEQUENTLY WE ARE LEFT WITH NO ALTERNATIVE BUT TO DECIDE MISCELLANEOUS APPLICATION ON MERITS EX-PARTE QUA THE ASSESSEE AFTER HEARING LD D.R. & AFTER PERUSAL OF THE MATERIAL AVAILABLE ON RECORD. EU DKS CMH IHMK GKSRH GS TC JHEKU LNL; EGKSN; VIUS FU.KZ; ESA ;G FY[KRS GS FD UKSFVL DH RKFEY GKSUS DS CKOTWN DKSBZ GKFTJ U GHA GS VKSJ NWLJH RJQ BL VKNS'K ESA FY[KRS GS FD& THE BENCH AFTER CONSIDERING THE RECORD WRITTEN SUBMISSION OF THE ASSESSEE & ARGUMENTS OF THE LD D. R. JHEKU TH TC ESUS FNUKAD 25-02-2016 DKS WRITTEN SUBMISSION HKST FN;S VKSJ IS'KH IJ GKFTJ U GKSUS DS DKJ.K CRK FN;K RKS JHEKU LNL; EGKSN; DKS FU.KZ; ESA ;G FY[KUS DH D;K VKO';DRK FKH FD EQ>S EXPARTE ORDER IKFJR DJUS DS VYKOK VKSJ DKSBZ FODYI UGHA FKKA VUR ESA VKILS FUOSNU GS FD M.A. NO.10/JP/2016 ESA FTLESA FNUKAD 21@04@2016 DKS FU.KZ; IKFJR FD;K GS MLESA FJDKMZ DH LIV XYRH GS FTLS /KKJK 2542 ESA IQU% LQ/KKJUS DH D`IK DJSAA 2. PER CONTRA LD. D/R OPPOSED THE SUBMISSIONS AND S UBMITTED THAT THE PRESENT APPLICATION IS CROSS MISUSE OF PROCESS. HE CONTEND ED THAT THE PRESENT APPLICATION DESERVES TO BE DISMISSED AS EXEMPLARY COST. 5 M.A. NO. 10/JP/2017. SMT. SHEELA GUPTA ALWAR. 3. WE HAVE HEARD THE RIVAL CONTENTIONS PERUSED THE MATERIAL AVAILABLE ON RECORD. FROM THE CONTENTS OF THE APPLICATION IT IS EVIDENT THAT THE GRIEVANCES OF THE ASSESSEE IS NON-CONSIDERATION OF WRITTEN SUBMISSION S BY THE TRIBUNAL AND THE LD. CIT(A). THE WRITTEN SUBMISSIONS OF THE LD. COUNSEL DATED 25/02/2016 BY SHREE CHAND GUPTA SHRI GHAN SHAYAM GUPTA & SHRI SURESH C HAND GUPTA WHICH SIGNED BY SHREE CHAND GUPTA AS UNDER:- DSL DS RF; O FUOSNU MIJKSDR DSL ESA ESUSA FNUKAD 10-12-2013 DKS JHEKU VK;DJ VK;QDR EGKSN; VIHY VYOJ DS VIHY VKNS'K ESA XYFR;KSA DKS LQ/KKJU S DS FY;S /KKJK 154 ESA IZKFKZUK I= IS'K FD;K FKKA FTLDH NK;K IZFR VKIDS LE{K IS'K G SA EX-1 BL IZKFKZUK I= ESA LIV :I LS FUOSNU DJ FN;K X;K FKK FD VXJ ESJS }KJK FN;S X;S /KKJK 154 DS IZKFKZUK I= ESA OF.KZR XYRFR;KSA DKS LQ/KKJUS ES LGER UGHA G S RKS EQ>S LQUOKBZ DK EKSDK FN;K TKOS] YSFDU JHEKU VK;DJ VK;QDR EGKSN; VIHY US ESJ S }KJK FUOSNU IJ DKSBZ /;KU UGHA FN;K VKSJ EXPERT ORDER IKFJR DJ I= DKS VLOHDKJ DJ FN;KA DKUWU ESA ;G LIV IZKO/KKU GS FD O;OLK;H DS F[KYKQ VKNS'K IKFJR DJUS LS IWOZ MLS LQUOKBZ DK EKSDK FN;K TKUK PKFG;SA VIHY VKNS'K ESA ESUSA TKS /KKJK 154 ESA FJDKMZ DH LIV XYFR;KSA DKS LQ/KKJUS DS FY;S TKS DKJ.K FY[KS GS MUGSA RE-PRODUCE DJ JGK GWWAA ESA MIJKSDR VIHY VKNS'K ESA BL CKR LS LGER GWWA F D VXJ EWY FOOJ.K ORIGINAL RETURN NSJH LS IS'K DH XBZ GS RKS LA'KKSF/KR FOOJ.KH REVISED RETURN LOHDKJ ;KSX; UGHA GSA YSFDU BL VIHY ESA D FCUNQ VKSJ HKH GS FTLDS CKJS ESA VKIUS VIHY VKNS'K ESA D HKH 'KCN UGH FY[KK GS VKIDKS ML FCUNQ IJ VKN S'K IKFJR DJUK GSA O;OLK;H US REVISED RETURN ESA SHORT CAPITAL GAIN LS :-1]66]337@& DH VK; N'KKZ;H GS VKSJ F&O ESA :- 4]22]356@& DK UQDLKU N'KKZ;K GSA JHEKU VK;D J VF/KDKJH EGKSN; US VIUS DJ FU/KKZJ.K VKNS'K ESA REVISED RETURN DKS YSV EKUDJ SHORT CAPITAL GAIN DH VK; IJ RKS DJ VKJKSFIR DJ FN;K YSFDU F&O DSS LOSS DKS IGNORE DJ FN;KA DKUWU ESA LIV :I LS FY[KK GS FD NKSUKS O ;OLK;KSA DS UQK O UQDLKU DKS VKIL ESA SET OFF DJUK IMSXK VXJ SET OFF ESA UQDLKU JGRK GS RKS MLS CARRY FORWARD YS TKUS DH BTKTR UGHA GS D;KSAFD EWY FOOJ.KH YSV I S'K DH XBZ BLFY;S LA'KKSF/KR FOOJ.KH EKU; UGHA GSA JHEKU CIT VIHY EGKSN; US VKNS'K ESA /KKJK 6 M.A. NO. 10/JP/2017. SMT. SHEELA GUPTA ALWAR. 1391]1392]1393]1394]1395]721]732 O 74 3 DS CKJS ESA RKS FOLRKJ ESA FMLDL FD;K GS YSFDU /KKJK 70 O 701 DS CKJS ESA D 'KCN HKH UGHA FY[KK GSA /KKJK 139 DS FOOJ.KH IS'K DJUS LS LECU/K GS O /KKJK 72]73 O 74 D K UQDLKU CARRY FORWARD DJUS LS LECU/K GSA /KKJK 70 O 701 DSOY O;OLK;KS DS UQK &UQDLKU DKS VKIL ESA SET OFF DJUS DS LECU/K ESA GS] FTLDS CKJS ESSA JHEKU CIT VIHY EGKSN; US D 'KCN HKH UGHA FY[KK GSA JHEKU VK;DJ VF/KDKJH EGKSN; US NKSUKS O;OLK;KSA DS UQK&UQDLKU DKS VKIL ESA SET OFF UGHA FD;K GS VKSJ EKUUH; CIT VIHY EGKSN; US HKH BL FCUNQ IJ DKSBZ FU.KZ; UGHA FN;K GS DSOY BLH FCUNQ IJ FU.KZ; NSUK G SA MNKGJ.K DS FY;S VXJ D O;OLK;H DS 10 DKJKSCKJ GS VKSJ MLUS IKWAP DKJKSCKJ ESA D DJKSM+ DK UQK N'KKZ;K GS VKSJ IKWAP DKJKSCKJ ESA 50 YK[K DK UQDLKU] VXJ MLUS EWY FOOJ.KH NSJH LS IS'K DH GS RKS DKUWU ;G UGHA DGRK GS FD IKWAP O;OLK;KSA DS UQK D DJKSM IJ RKS DJ YXK FN;K TKOS O IKWAP O;OLK;KS DS UQDLKU :-50 YK[K DKS IGNORE DJ FN;K TKOSA ESA VKIDH LSOK ESA SECTION 70 OF IT ACT 1961 DKS REPRODUCE DJ JGK GWWA FTLESA LIV :I LS FY[KK GS FD & SET OFF OF LOSS FROM ONE SOURCE AGAINST INCOME FRO M ANOTHER SOURCE UNDER THE SAME HEAD 70(1) SAVE AS OTHERWISE PROVIDED IN THIS ACT WHER E THE NET FOR ANY ASSESSMENT YEAR IN RESPECT OF ANY SOURCE FALLING UN DER ANY HEAD OF INCOME OTHER THEN CAPITAL GAIN IS A LOSS THE ASSES SEE SHALL BE ENTITLED TO HAVE THE AMOUNT OF SUCH LOSS SET OFF AGAINST HIS INCOME FROM ANY OTHER SOURCE UNDER THE SAME HEAD. EKKUUH; CIT VIHY EGKSN; US BL /KKJK ESA VIHY FU.KZ; ESA D 'K CN HKH UGH FY[KK GSA BL FCUNQ IJ ESJS }KJK FYF[KR ESA HKH FUOS NU DJ FN;K X;K FKKA D`I;K VKI VIHY FU.KZ; DS IST UA-4 DK ISJK UA-2 NS[KUS DH D`IK DJSAA /KKJK 154 DS IZKFKZUK I= ESA JHEKU CIT VIHY EGKSN; LS LIV :I LS FUOSNU DJ FN;K FKK FD ;G FJDKMZ DH LIV XYRH GS TKS /KKJK 154 ESA LQ/KKJUS ;KSX; GSA VXJ VKI LGER UGHA GS RKS EQ>S LQUOKBZ DK EKSDK FN;K TKO SA MIJKSDR DKJ.KKSA DKS I<+US DS CKN JHEKU VK;DJ VK;Q DR EGKSN; VIHY US VKUS VKNS'K ESA TKS FY[KK GS MLS REPRODUCE FD;K TK JGK GSA I HAVE GONE THROUGH THE APPLICATION FILED BY THE A PPELLANT & DO NOT FIND ANY MERITS IN THE SAME AS THE ISSUE AS THE ISSUES S TATED IN THE APPLICATION HAVE ALREADY BEEN COVERED IN PARA 4.03 TO 4.6 OF THE ORDER DATED 11.10.2013 7 M.A. NO. 10/JP/2017. SMT. SHEELA GUPTA ALWAR. ESA VKIDH LSOK ESA JHEKU VK;DJ VK;QDR EGKSN; VIHY US TKS VIHY FU.KZ; ESA PARA NO. 4-3 TO 4-6 ESA /KKJK 70 O 70 1 DS CKJS ESA D HKH 'KCN UGHA FY[KK GS MLS REPRODUCE DJ JGK GWWA] VKI NS[KSXSA DH PARA NO. 4-3 TO 4-6 ESA /KKJK 70 O 70 1 DS CKJS ESA D HKH 'KCN UGHA FY[KK GS IWJS VIHY VKNS'K ESA DSOY REVISED RETURN DS CKJS ESA GH FOLRKJ LS DISCUSS FD;K GSA 4.3 I HAVE CAREFULLY CONSIDERED THE SUBMISSIONS OF THE APPELLANT AND ALSO THE ORDER OF THE AO AND FIND THA T DURING THE COURSE OF ASSESSMENT PROCEEDINGS THE APPELLANT HAD FILED A REVISED RETURN OF INCOME WHICH HAS NOT BEEN ACCEPTE D BY THE AO FOR THE REASONS STATED ABOVE. THE UNDISPUTED FAC TS IN BRIEF ARE AS UNDER :- (I) RETURN INCOME OF RS. 1 64 200/- FILED ON 18.08. 2008 FOR A.Y. 2008-09. (II) NOTICE U/S 143 (2) ISSUED ON 25.03.2009. (III) REVISED RETURN FILED ON 02.12.2010 DECLARING INCOME NIL AFTER CLAIMING A SHARE LOSS ON ACCOUNT OF SPECULATIVE TRANSACTIONS (F&O) AMOUNTING TO RS. 4 22 356. 4.4 IN THIS CASE THE DUE DATE OF FILING OF RETURN OF INCOME WAS 31.07.02008 AND THE RETURN WAS FILED BELATED ON 18- 08-2008. AS REGARDS THE FILING OF A REVISED RETURN IS CONCE RNED THE PROVISION OF SUB SECTION (5) OF SECTION 139 OF THE IT ACT PROVIDE THAT 'IF ANY PERSON HAVING FURNISHED A RETURN UNDE R SUB SECTION (1) OF SECTION 142 DISCOVERS ANY OMISSION OR ANY W RONG STATEMENT THEREIN HE MAY FURNISH A REVISED RETURN AT ANY TIME BEFORE THE EXPIRY OF ONE YEAR FROM THE END OF THE R ELEVANT ASSESSMENT YEAR OR TIME BEFORE THE EXPIRY OF ANY YE AR FROM THE END OF THE RELEVANT ASSESSMENT YEAR OR BEFORE THE C OMPLETION OF THE ASSESSMENT WHICHEVER IS EARLIER ' THUS IT IS CLEAR FROM THIS THAT A VALID REVISED RETURN COULD BE FILED O NLY UP TO 31.03.2010. IN THIS CASE THE APPELLANT HAS FILED A REVISED RETURN ONLY ON 02.12.2010 WHICH IS BEYOND THE TIME PERMIS SIBLE UNDER THE LAW AND IS HENCE INVALID RETURN. 8 M.A. NO. 10/JP/2017. SMT. SHEELA GUPTA ALWAR. 4.5 THE APPELLANT HAS AGITATED THAT THE LOSS CLAIME D IN THE REVISED RETURN MAY BE ALLOWED. IT WOULD BE RELEVANT TO CONSIDER THE PROVISIONS OF SUB SECTION (3) OF THE IT ACT IN THIS REGARD WHICH ARE AS 'IF ANY PERSON WHO HAS SUSTAINED A LOS S IN ANY PREVIOUS YEAR UNDER THE HEAD ' PROFIT AND GAINS OF BUSINESS OR PROFESSION' OR UNDER THE HEAD ' CAPITAL GAINS' AND CLAIMS THAT THE LOSS OR ANY PART THEREOF SHOULD BE CARRIED FORW ARD UNDER SUB- SECTION 72 OR SUB- SECTION 74A] HE MAY FURNI SH WITHIN THE TIME ALLOWED UNDER SUB-SECTION (1) A RETURN OF LOSS IN THE PRESCRIBED FORM AND VERIFIED IN THE PRESCRIBED MANN ER AND CON- STAINING SUCH OTHER PARTICULARS AS MAY BE PRESCRIBE D AND ALL THE PROVISIONS OF THIS ACT SHALL APPLY AS IF IT WER E A RETURN UNDER SUB- SECTION (1) 'FURTHER HON'BLE SUPREME COURT I S THE CASE OF KUMAR JAGDISH CHANDRA SINHA VS. CIT- 220 ITR 67 HAS HELD THAT THE RIGHT TO FILE A REVISE RETURN U/S 139(1) O R 139(2) OF THE IT ACT. THIS DECISION HAS ALSO BEEN FOLLOWED RECENT LY BY THE BOMBAY HIGH COUNT IN THE CASE OF MENSES FERNANDES ENTERPRISES VS. ITO 356 ITR 0082 BY HOLDING THAT NO REVISE RETURN CAN BE FILED BY A PERSON WHERE THERE HAS BEE N A DELAY IN FILING OF RETURN OF INCOME. 4.6 THUS IT MAY BE SEEN FROM THE ABOVE DISCUSSION THAT THE CLAIM OF THE APPELLANT IS UNTENABLE IN VIEW OF THE CLEAR PROVISION OF LAW IN VIEW OF THIS I UPHOLD THE ACTI ON OF THE AO IN DISALLOWING THE CLAIM OF LOSS MADE BY THE APPELLANT AND HAS RIGHTLY BROUGHT TO TAX THE SHORT TERM CAPITAL GAIN OF RS. 1 66 237/- DECLARED IN THE INFORMATION FILED WITH T HE REVISED RETURN. THE APPEAL OF THE ASSESSEE ON THIS GROUND IS DISMISSED. PWWAFD JHEKU CIT VIHY EGKSN; US PARA NO. 4-3 TO 4-6 ESA /KKJK 70 O 70 1 ESA SET OFF OF LOSS FROM ONE SOURCE AGAINST INCOME FROM ANOTHER SOURCE UNDER THE SAME HEAD DS CKJS ESA D HKH 'KCN UGHA FY[KK GS VKSJ U GH O; OLK;H DKS /KKJK 154 DS IZKFKZUK I= DKS VLOHDKJ DJUS LS IWOZ LQUOKBZ DK EKSDK FN;K G SA 9 M.A. NO. 10/JP/2017. SMT. SHEELA GUPTA ALWAR. MIJKSDR RF;KSA O DKUWUH FCUNQVKSA DKS E}S UTJ J[KR S GQ;S VKILS FUOSNU GS FD /KKJK 154 DS IZKFKZUK I= DKS LOHDKJ DJUS DS VKNS'K IKFJR DJUS DH D`IK DJSAA WE FIND THAT SIMILAR MISCELLANEOUS APPLICATION WAS FILED BEARING MA NO. 10/JP/2016 WHICH WAS DISPOSED OF VIDE ORDER DATED 21/04/2016 B Y OBSERVING AS UNDER:- THE BENCH AFTER CONSIDERING THE RECORDS WRITTEN S UBMISSIONS OF THE ASSESSEE AND ARGUMENTS OF THE LD. AR OBSERVED THAT THE MISCE LLANEOUS APPLICATION FILED BY THE ASSESSEE DOES NOT REQUIRE ANY MORE CONSIDERA TION AND ADJUDICATION. THE BENCH HAS ALSO TAKEN INTO CONSIDERATION ITS ORD ER AND OBSERVED THAT IF FOES NOT REQUIRE ANY REVIEW/ RECTIFICATION. IN THI S VIEW OF THE MATTER WE DO NOT FIND ANY SUBSTANCE IN THE MISCELLANEOUS APPLICA TION OF THE ASSESSEE WHICH IS DISMISSED. YET AGAIN THE ASSESSEE HAS MADE AN APPLICATION SEEK ING RECTIFICATION OF THE ORDER. SINCE THE TRIBUNAL HAS ALREADY CONSIDERED THE WRITT EN SUBMISSIONS RECONSIDERING THE SAME AGAIN WOULD TANTAMOUNT TO REVIEW OF THE ORDER WHICH IS NOT WITHIN THE SCOPE OF SECTION 254 OF THE INCOME TAX ACT 1961. THEREF ORE THE MISCELLANEOUS APPLICATION DESERVES TO BE DISMISSED. 4. IN THE RESULT MISCELLANEOUS APPLICATION OF THE ASSESSEE IS DISMISSED. ORDER IS PRONOUNCED IN THE OPEN COURT ON TUESDAY THE 28 TH DAY OF NOVEMBER 2017. SD/- SD/- ( HKKXPUN ( DQY HKKJR ) ( BHAGCHAND) ( KUL BHARAT ) YS[KK LNL;@ ACCOUNTANT MEMBER U;KF;D LNL;@ JUDICIAL MEMBER JAIPUR DATED:- 28/11/2017. POOJA/ VKNS'K DH IZFRFYFI VXZSF'KR@ COPY OF THE ORDER FORWARDED TO: 1. THE APPELLANT- SMT. SHEELA GUPTA ALWAR. 2. THE RESPONDENT THE ITO WARD- 1(2) ALWAR. 3. THE CIT(A). 10 M.A. NO. 10/JP/2017. SMT. SHEELA GUPTA ALWAR. 4. THE CIT 5. THE DR ITAT JAIPUR 6. GUARD FILE (M.A NO. 10/JP/2017) VKNS'KKUQLKJ@ BY ORDER LGK;D IATHDKJ@ ASSISTANT. REGISTRAR