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234F on Revised Return

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This discussion explores whether a Section 234F demand raised on a revised tax return is correct. The original return was filed on time, but e-verification was pending. A revised return was then filed, and a demand was raised. Participants debate whether the demand is valid, considering the e-verification deadline and the implications of filing a revised return before the original is verified.

JAMES VERGHESE

PARTNER

89 Points Posted on 04 April 2022

E verification is compulsory irrespective of original or revised returns. hence, the IT Dept. stand is right.

Eswar Reddy S

CFO- at NHTF

15022 Points Posted on 04 April 2022

But assessee has 120days time to verify ITR

JAMES VERGHESE

PARTNER

89 Points Posted on 05 April 2022

Agreed with that, however, assesse has filed revised return before 120 days. Without e verify the original return, the revised return is invalid or attract penalty.