Mistake in return

We have made e filing of  our Income Tax return for the Asst Year 2007-08 i.e., Accounting year 2006-07--In the return for 115jb Schedule of Mat computation - Dividend income received from other company is shown under additions instead of deductions-Due to this tax liability is coming under MAT as per order passed u/s 143(1)-Order copy passed under section 143(1) is not received by the assessee-

Issues:

1)Is it necessary to file the revised return to show the dividend income under deductions instead of under additions-since time for filing revised return is over what is the remedy the assessee has

2)Since 143(1) order is not received by assessee-Inspector says give a letter for order copy? Can we give a letter for order copy

Thanks in advance

joseph david

 

 

 

Replies (1)

Dear Joseph,

You are rite that return cannot be revised now since time limit has expired...

Further u have mentioned that Intimation u/s 143(1) has not been received so far......But the same must have been generated before the end of 1 year from the of the FY in whivh return is filedi:e 31.03.2009

In present case I would say obtain a copy of 143(1), then based on that move an application u/s 154 for rectification of mistakes apparent from the record...

Now if AO wants u to submit letter for obtaining 143(1) [Becos I think it is a case of lost mail]  then where is the issue my friend, give him a simple letter that kindly issue intimation u/s 143(1).....

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