Income tax return has been selected under risk management process

Hey,

I was claimed correct refund in return. but I choose the second option. what can I do revise return o rnot

With Regards,

Deepak

Originally posted by : shiva
	It will come only if filing of both original and revised returns for the same assessment year and having different amounts of refund in both original as well as revised.. It dep jusk asking refund claimed by you as per original is true to the best of knowledge or claim as per revised return is correct?

It can come for any kind of return whenever there is a refund claimed.

Which section gives the power to Income Tax Department to disallow the Revision of ITR under section 139(5) or Rectification of Return under section 154(1). Rectification or Revision of ITR is not possible only when an assessment procedure has been initiated by the Income Tax Department. There are only 4 Assessment Procedures in Income Tax Act as given below:

Scrutiny Assessment U/S 143(3)

Best Judgement Assessment U/S 144

Income Escaping Assessment U/S 147

Search and Seizure assessment U/S 153a  

All Other Assessments (Self Assessment and Summary Assessment etc.) are just termed as Assessment but should not take in that way which may prohibits the Assesses to Revise or Rectify the ITR.

Have gone through the replies and saw many have got this same mail. Some additional info on my post for the benefit of all below as I saw there were a few queries

• Have verified bank details, they are correct. Have received all  previous years refund in same account via NEFT and also never took more than 60 days from date of e-verification. This is the first time it has took so much time (its almost 6 months after i filed the return and yesterday I got the mentioned mail)
• This is my original return and was filed before end of last date which was Aug 31 2018. And there are no revised returns.
• The refund amount is greater than 1L

, I consulted one of my known person who is CA, he told it is nothing to worry and as per his advise I selected Option 1 in the as the response.