rectification of Itr u\s 139(4) with refund of 137000

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THIS HAPPEN TO MY NEIGHBOUR, WHO FILE HIS RETUN HIMSELF, A NON COMMERCE STUDENT DOING TELECOM BUSINESS, AS HE IS OVERSMART THAN CAs.

AN ITR WAS FILED ON 24TH MARCH 2013 FOR THE YEAR 2011-12. IN THIS RETURN REFUND IS NOT CLAIMED ERRORNEOUSLY AMOUNTED TO RUPEES 137000. REVISED RETURN CANT BE FILED AS BELATED RETURN. AND IF FILED IT WILL NOT BE ENTERTAINED BY CPC. RECTIFICATION UNDER SECTION 154 IS ALSO NOT POSSIBLE FOR SUCH CASES.

IS THERE IS ANY OTHER METHOD TO CLAIM REFUND OR RECTIFY RETURN.

 PLEASE ADVICE.

Replies (1)

The only authority having power to rectify this mistake is ITAT by passing an order u/s 254 of the IT Act.

 

for further queries :https://knowyourtaxation.blogspot.in/


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