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What says section 139(5)

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Querist : Anonymous (Querist)
09 August 2015 what says section 139(5) of income tax .
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
09 August 2015 Section 139(50 is for revised Income tax return. It states--

"If any person, having furnished a return under sub-section (1), or in pursuance of a notice issued under sub-section (1) of section 142, discovers any omission or any wrong statement therein, he may furnish a revised return at any time before the expiry of one year from the end of the relevant assessment year or before the completion of the assessment, whichever is earlier :
Provided that where the return relates to the previous year relevant to the assessment year commencing on the 1st day of April, 1988, or any earlier assessment year, the reference to one year aforesaid shall be construed as a reference to two years from the end of the relevant assessment year."
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