Revise itr return

@ Shobit:

You can revise the return for ay 2015-16 if the return is filed within the due date,  1 year from the end of the ay or completion of assessment whichever is earlier. In the present case, the return was filed well within the due date( as due date was extended to 07.09.2015) hence revise return can be filed. However if the return is to be revised, you need to justify the facts of reduction in closing stock and expenses if the case is chosen for scrutiny. Mere reduction of stock details and expenses by same amount will need to be properly justified

Mr. Shobhit,

Although you may revise your ITR in your case but be sure that your assessment is still pending at Income Tax Department. If you have received your assessment u/s 143 (1), you may only rectify your ITR and cannot revise your return in such case.

@ Vikas Gupta:

The return can be revised even after receiving an intimation u/s 143(1). Because it is just an intimation and not an order. I. E assessment is not yet completed. Although 143(1) is also referred as summary assessment but it is not referred as assessment for the purpose of 139(5).

Hence return can be revised even after receiving an intimation u/s 143(1)

yes you can revise it

a RETURN FILED WELL BEFORE THE STATUTORY DUE DATE CAN BE REVISED ANY TIME BEFORE THE COMPLETION OF ASSESSMENT.