Revised return

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This query is : Resolved

NITHYA.P (Querist)

31 December 2009 The assessee wants to declare additional income for the AY 2007-08.The return was filed after the due date U/s.139(1)

Thus can a return filed belated, can be revised after the receipt of 143(1)intimation and also after the expiry of one year from the end of the assessment year.

Facts of the case:

Mr.X filed the IT return(TAX AUDIT) on 30.01.2008 for the AY 2007-08 without disclosing his Income from CAPITAL GAIN.

Now the assesse wants to disclose his Income form CG.

Return filed belatedly ie)after 139(1) due date and also the time limit of one year from the end of the Relevant previous year for revised return was expired

Whether Revised return can be filed? or else what is the procedure tobe carried on?

CA Sidhi Gaur

CA Sidhi Gaur (Expert)

31 December 2009 belated return can never be revised (dhampur sugar mills v/s CIT).

Heera Nahariya

Heera Nahariya (Expert)

31 December 2009 Agree with the expert.

CA SURENDRA KUMAR RAKHECHA

CA SURENDRA KUMAR RAKHECHA (Expert)

31 December 2009 Better if facts of the case are shared.

If you don't wish to share the facts; you may send it personally to -

carakhecha@yahoo.com

Murtaza I Bhagat

Murtaza I Bhagat (Expert)

31 December 2009 yes,explain to get right/useful replies.

CA Ravi Sisodia

CA Ravi Sisodia (Expert)

31 December 2009 Belated Return can not be Revised.

Vishnu Saboo

Vishnu Saboo (Expert)

03 January 2010 Returns filed U/S 139(1) and 143(1) can be revised within prescribed time, as far as concern the other returns, can not revised on suo motu basis.

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