banner_ad

Can i file IT Return after receipt of notice u/s 143(2) after due date u/s 139(5)

ITR Filing 374 views 1 replies

I filed my company's return of AY 2016-17 on 29.11.2016 and revised on 26.03.2018. 

My case was first assessed for transfer pricing on 10.10.2019

Now I received notice u/s 143(2) in due time. The scrutiny is still in process 

After receipt of notice i noticed some mistake apparent from record. I want to file revised return against notice u/s 143(2). Can i file revised return. If yes how? If not, should my disclosure of mistake during assessment proceeding save me from hiding of facts in return?     

Replies (1)
You can not file revised return now

You can voluntarily agree with AO about mistake apparent from record and then pay additional tax and interest as per AO order.

For concealment / Hiding of facts seperate notice may be initiated by AO under 271(1)(c) and at that time opportunity of being heard is afforded to you.

The AO may impose penalty as per his discretion. The penalty is min 100% and max 200% of tax sought to be evaded.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details