If updated return becomes invalid then revised return will be valid ornot

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A taxpayer filed an updated return after a revised return had already been processed. They are concerned that if the updated return is deemed invalid, their previously filed revised return will also be invalidated. The consensus is that the revised return should remain valid, especially if an intimation under section 143(1) was received. However, the department is reportedly only considering the invalid updated return, leaving the taxpayer unsure of the next steps.

Rahul Singh

Rahul Singh (Querist)

12 July 2024 Sir
I filed updated return on 27th March 2024 for AY2023-2024. Also I filed revised return on 10 Dec 2023 which was processed by CPC. If updated return becomesinvalid then my revised return filed on 10th Dec 2023 will be valid or not. If it is valid Should Revised return will be considered as final order

Dhirajlal Rambhia

Dhirajlal Rambhia

(Expert)

12 July 2024 Yes it is valid if you received intimation u/s. 143(1) IT act.

Rahul Singh

Rahul Singh (Querist)

12 July 2024 So Return filed on 10th Dec 2023 will be valid and should be taken as final return. But department is saying they will consider only updated return which was latest return which was invalid. What to do now Sir

Dhirajlal Rambhia

Dhirajlal Rambhia

(Expert)

12 July 2024 "Sorry, I am not a featured member."

For featured members contact....

https://www.caclubindia.com/catalogue/featured.asp

Dhirajlal Rambhia

Dhirajlal Rambhia

(Expert)

25 August 2024 What is the reason for invalidation?

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