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Section 154 of it act.

This query is : Resolved 
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(Querist)
20 August 2013 Sir/Mam,

For the return filed AY 2012-13, we forgot to give Depreciation Schedule and hence depreciation was Disallowed and We got Intimation U/s 143(1) as demand notice for the extra tax as a result of the Disallownace.

Kindly advice how to rectify the Mistake.

can we request for Rectification u/s 154 as it says only Mistakes apparent from record will be considered for request.

Kindly help and also advice the procedure if any.

Thank you all in advance .....
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Ankit

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Ankit (Expert)
20 August 2013 Dear Pallavi,

Since the return for AY 2012-13 is not yet barred by time and you have got an Intimation u/s 143(1) you can file a Revised Return to rectify your mistake.
Revised Return cannot be filed only if the assessment order has been issued and, the intimation u/s 143(1) is not an assessment order even though it may be a notice of demand. This has been held by SC in ACIT vs Rajesh Jhaveri Stock Brokers P Limited 291 ITR 500
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PALLAVI

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PALLAVI (Querist)
20 August 2013 Thanks a lot Ankit.
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