Revised computation of income

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

01 December 2012 During the assessment proceeding u/s 143(3), our client has filed revised return of income for the concern a.y.
it is not filed within the time limit u/s 139(5) but during the course of assessment. Whether it can be considered by the assessing officer or not ?

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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02 December 2012 Time period for revising a return and for filing a belated return is the earlier of the following two dates:
1. End of one year from the end of relevant Assessment year
2.Date of Completion of Assessment.
.
As such, it is not binding upon the AO to consider the revised return filed after the expiry of the first time limit.
.

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