Return of Income
This query is : Resolved
A. Prithvi Surya
(Querist)
12 November 2010
A company had filed a belated return of income for which the Tax Liablity was found out to be say 10 Rs. Later it filed a revised return for Rs. 5/- The IT Dept had sent a scrutiny notice based on the first filed return(Rs 10). When the Company approached the Dept, they told that the revised return was useless as the first filed return was belated. Does the Company have any basis to succed on this case? Any case laws would also be appreciated.
12 November 2010
Absolutely no chance to win since the section is very specific.
Message likes :
1 times
A. Prithvi Surya
(Querist)
13 November 2010
CA Sanat Pyne
(Expert)
13 November 2010
Agree with B.Chackrapani Warrierji. A belated return can not be revised.
A. Prithvi Surya
(Querist)
30 November 2010
Thank you very much Experts.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
