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After aseessment 143(1) can revised income tax return (Students)

This query is : Resolved

HARSH KOTHARI

( Author )
20 August 2012

INCOME TAX RETURN UPLOADED IN-TIME FOR ASSESSMENT YEAR 2011-12 F.Y. 2010-11 ON DATED 28- JULY-2011 AFTER HIS ASSESSMENT ARE RECEIVED 143(1)HOW CAN REVISED RETURN AND SECTION ?

CA AYUSH AGRAWAL

( Expert )
20 August 2012

Return Can be Revised.

SANYAM ARORA

( Expert )
20 August 2012

It can be revised on the basis of section 143(1)

HARSH KOTHARI

( Author )
20 August 2012

REASON PLEASE?

Siddhartha Bhardwaj

( Expert )
20 August 2012

1. Please understand that 143(1) is NOT an assessment.
It is PROCESSING of return.

U/s 143(1), an intimation is generated. An assessment order is NOT issued.

2. SInce, 143(1) is NOT an assessment, return can be revised.

CA AYUSH AGRAWAL

( Expert )
20 August 2012

Ohhhh.Its 143 (1), Not 143 (3),
Return Can be Revised.

Intimation is received, its not an assessment, so the return can be revised.

HARSH KOTHARI

( Author )
21 August 2012

on which section?
139(1)
139(4)
142(1)
148
153(a)/(c)
139(5)
?

Siddhartha Bhardwaj

( Expert )
22 August 2012

Revised return is filed u/s 139(5).