143(1)

This query is : Resolved 

25 November 2009 I have got an intimation u/s 143(1) of refund of rs. 380 relating to AY 2008-09. However the AO has charged the LTCG on equity shares @ 20%, thus reducing my amount of refund. As per my knowledge no revision application can be made u/s 263,264 to CIT for intimation against 143(1). The only way out seems to file a revised return u/s 139(5). Can this be considered mistake apparent from record?

25 November 2009 Yes. It can be considered as a mistake apparent from records. So move a petition under section 154(2)(b)for rectification.


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