If anyone is served with a notice U/S 143(1) & tax is demanded, but the return on the basis of which such tax is demanded was wrong (i.e the person by mistake has not shown deduction under chapter VIA from the gross income).
What that person should do? Should he deposit the tax as demanded or visit the income tax department with form 16 & other relevant documents?
If that person files return and comply on requirement of section 139. then he may file revise return which shuld be proved that mistake was not intentional. Notice u/s 143(1) is irrelevant if he file revised return within time allowed.
the person can file the revise return if the time limit for the revise return is not lapsed. The Notice u/s 143(1) will not restrain the person from filing of the revise return.
sunil
Revised return can be filed.. intimation u/s 143(1) will not be construed as completion of assessment
Dear Vineet,
Agree with friends above Return can be revised after receipt of Intimation u/s 143(1)............
Just want to add that, Do it within 30 days of receipt of Intimation ,otherwise the provisions regarding "assessee in defaut" will be attracted.......
The assessment u/s 143/1 is for the assessment year 2008-09. Can the person file revised retun?
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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