Income Tax - 142(1)(i)

This query is : Resolved

Akhil (Querist)
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27 December 2009 if i file ROI in response to notice u/s 142(1)(i) but shows toatal income above maximum examtion limit [total income described in 139(1)] taht that ROI will be treated as belated return and it can not be further revised.

If i file ROI in response to notice u/s 142(1)(i) with showing income Rs100000, and now i can revise my ROI u/s 139(5).
Can i revise ROI more than exemption limt say Rs300000

Neeraj Bansal CA

Neeraj Bansal CA (Expert)
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27 December 2009 sir

as per sec 139(5), a return which is filed within the time limit , that can be possible to revise. but a belated return can never be revise whether it is in response to notice under 142(1)(i)or not.

Murtaza I Bhagat

Murtaza I Bhagat (Expert)
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27 December 2009 agree with expert that belated return cannot be revised.

Akhil

Akhil (Querist)
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29 December 2009 but when i filed a return to response u/s 142(1)(i) it was within the time limit mentioned in notice at tat time i shown my income just rs. 100000 at that time (hence its not belated return. as return filed within time limit mentioned in notice U/s 142(1)(i)) and after words can i revise that return beyond maximum examtion limit.

Aashok Kumar Sharma

Aashok Kumar Sharma

(Expert)
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31 July 2024 If you filed the original return within the time specified in the notice under Section 142(1)(i), it is not considered a belated return. Therefore, you have the right to revise it under Section 139(5) if the revision is done within the permissible time frame.

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