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

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.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
17 September 2026
Chartered Accountant

Dass Gupta & Associates

Gurgaon

CA

View Details
Company
ARTICLESHIP 16 September 2026
Article Assistant

MANUJ SHARMA AND COMPANY

Noida

CA Inter

View Details
Company
19 September 2026
CA/Semi-CA/BCom

Pravin Sarvaiya

Mumbai

CA Inter

View Details
Company
16 September 2026
Internal Audit - Team Lead

Consulting & Beyond

Chennai

CA

View Details
Company
Featured 12 September 2026
Assistant Manager - Finance & Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
04 September 2026
CA inter Or ca finalist

A Jaiswal and company

Lucknow

CA Final

View Details
Company
Featured 21 September 2026
Consultant - Reporting

Finrep Advisors LLP

Mumbai

CA

View Details
Company
Featured 11 September 2026
Audit Executive

RBSM Corporate Advisors Private Limited

Pune

CA

View Details