Can ITO Levy Penalty U/S 234F in revise Income Tax Return?

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SANTOSH KUMAR SHARMA (Querist)
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13 January 2020 Can ITO Levy Penalty U/S 234F in revise Income Tax Return?

I have Submitted Income Tax Return A.Y.-2019-2 on Dt. 31.08.2019 showing Income Rs. 317000/- and e verified on 24.12.2019. Thereafter I filed a revised I.T. Return on Dt. 24.12.2019 and showing Income Rs. 340000/-. Thereafter I got Intimation U/s 143(1) on Dtd. 13.01.2020 showing Penalty U/s 234F of Rs. 1000/-. I want to Know that an ITO can Impose Penalty U/s 234F in Revise Return or not ? Please Answer anyone
Thanks & Regards.

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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13 January 2020 234f not apply for revise return.

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Amol S Joglekar

Amol S Joglekar (Expert)
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14 January 2020 No penalty sh ould be levied for revised return where original return is files within prescribed time limit

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