Mistake in Assessment Year during E-filing of ITR

No you can not move an application under section 154 for rectification of mistake as 154 can be moved only against an order of assessing officer, since this is not an order but just a notice. The only thing you can do is file a copy of application to the concerned AO and request him to cancel the proceedings with such reasons.

Agreed with Mr. Vicky

Well I called the CPC, Bangalore today and they said they have rejected the IT return for AY 2008-09 as it was wrong. But I am not able to understand that if they have rejected this form then how come this data went to IT department? Also they told me that I have to file return for AY 2009-10 again. I wanted to know is there any fine if I file IT Return now? I don't have any tax due. I have paid the taxes before March 2009 for AY 2009-10.