Return of Income
This query is : Resolved
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.
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13 November 2010
13 November 2010
Agree with B.Chackrapani Warrierji. A belated return can not be revised.
30 November 2010
Thank you very much Experts.
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