Can rectification u/s 154 file after the the expiry of 4 years. In my case there was an outstanding demand of Rs.31000(sec code 143 1 a) for AY 2008-09. It is comes to notice only after receiving the refund adjustment letter for AY 2016-17. As per the return filed for the AY 2008-09 there was a refund of Rs.2000. Please advise me in this regard
Dear Jayesh,
If your Refund was geniune for the A.Y. 2008-09 then first find the reason for demand generated U/s 143(1). After that you can request AO to rectify the matter and process your Refund.
Regards
CA Aman Kesharwani
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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