Recetification u/s 158

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

06 August 2011 Dear Sir,

I have filed the return previous year with out considering the Deductions the It office issues notice to pay tax u/s 143(2) can i prepare a letter for rectification u/s 158

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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07 August 2011 Rectification petition will not sustain. Try in revision before the commissioner of income tax.

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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07 August 2011 If there is time for revising your return before the assessment is completed then revise it. You have only received the notice u/s 143(2) and no assessment has been completed. Hence, the question of filing Revision u/s 264 does not arise. Rectification petition u/s 154 shall also not serve the purpose.

Anyhow your assessment shall be completed u/s 143(3) at that time you have to submit various details and explanation. During the course of hearing you can claim the exemption and filed the details of deduction. The A.O shall allow it. You can file petition u/s 154 also to take the precaution for removing the defect in your return.

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