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Updated return u/s 139(8A)

This query is : Resolved 
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(Querist)
21 March 2023 Can the updated return be filed after adjusting the refund with additional penalty of Rs.5000/1000 as the case may be?

Thanks in Advance
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
21 March 2023 The taxpayer cannot file an Updated ITR in the following cases:

To report a loss
The updated return reduces the total tax liability declared earlier
The updated return results in a refund or increases the refund claimed earlier
If a search or survey has been initiated against the taxpayer, books of accounts or assets have been confiscated by the tax authority or there are any pending proceedings or prosecutions against the taxpayer.
If your taxable income is below INR 2,50,000 (i.e. Below the basic exemption limit).
If your additional tax liability is NIL.
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