A taxpayer filed an ITR-3 with a balance sheet, but now wishes to remove it as they don't maintain accounts. The return was filed and e-verified over 191 days ago and is yet to be processed. The taxpayer is seeking guidance on revising the return under section 139(5) to be filed as a 'no accounts' case, effectively deleting the balance sheet.
17 March 2022
For one of my clients submitted Income tax return in ITR-3 which was duly e-verified on 15.09.2021 for the A.Y. 2021 which has not yet been processed U/s 143(1) even long 191 days have already been passed. Grievances submitted 3 times but no effect. Without having maintaining book of accounts, a balance sheet had been made by me on documents and furnished in said ITR. Now I want to revise said return per U/s 139(5) by deleting said balance sheet and to be uploaded as NO ACCOUNTS case. Can I do so. Kindly help me.