23 December 2011
If a client is claimimng exemption u/s 10AA & due to the reterospective amendment in that section the exemption has to be enhanced. The due date of filing revised return has been lapsed. So,how to get the benifit of that amendment with refernence to the procedural aspects with the sections ? Can it beclaimed while making the submissions in the Assessment if the same year had been under the scrutiny or any other manner ?
24 December 2011
You will have to file a rectification application. This is so becuase a retrospective amnedment is treated as mistake apparent from record.