Re: [aurangabad_ca] REVISED RETURN QUERY

Friday, January 1, 2010 1:43 AM By Livemail

 

Dear Soham
 
Rules for revise of return
this can be revised within one year from the end of A.Y.  So you can file till 31-03-2010.
But if assessment has been done u/s 143(3) or 144 then you can revise return only before assessment.
Assessee can revise revised return also.
 
But in case of concealment  or false statements this can't be revise. CIT v. J.K.A. Subramania Chettiar (1977) 110ITR 602 (Mad)
this section is for revise mistakes not knowing faults.
 
In your case return can be revise.  But if AO finds that there is concealment or false statement then he can refuese revise return.
 
Thanks/Regards
Prashant Gupta


From: Soham Shah <soham_bshah@yahoo.co.in>
To: aurangabad_ca@yahoogroups.com
Sent: Thu, December 31, 2009 7:09:59 PM
Subject: [aurangabad_ca] REVISED RETURN QUERY

DEAR SIR,

THE FOLLOWING IS MY QUERY:

THE ASSESSEE IS AN INDIVIDUAL HAVING ITS ACCOUNT AUDITED (TAX AUDIT) THE ASSESSEE HAS FILED THE INCOME TAX RETURN FOR THE A.Y. 2008-2009 ON TIME BUT AGAIN DUE TO SOME FAULT THE REVISED RETURN WAS FILED ON 31ST MARCH, 2009. MY QUESTION IS AGAIN DUE TO NON DISCLOSURE OF SOME FACTS THE REVISED RETURN IS TO BE FILED.

CAN THE ASSESSEE DO SO? IS THE LAST DATE FOR FILING THE REVISED RETURN IS 31ST MARCH, 2010 FOR THE A.Y. 2008-2009 U/S. 139 (5)? CAN THE REVISED RETURN CAN BE FILED AGAIN?


THANKING YOU,
SOHAM B. SHAH
 


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