Rectification of mistake u/s.154 of act
This query is : Resolved
PUSHKAR APTE
(Querist)
04 July 2013
Firstly person files a return and claims refund of Rs. 5000/-. Adterwards, say after 2 years on going through Form 26AS, he came to know that actual refund is Rs. 7500/-. Time period for revision of ROI have been expired and this is not the mistake apparent from record, rectification u/s. 154 is not possible. Is there any remedy available to the assessee for getting the actual refund?
CA PARAS BAFNA
(Expert)
04 July 2013
Considering the income also left to be included in the total income, it is not wise to get reopened the issue, which has already been settled by the department at its own level. Practically, no other remedy is available.
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