Revised return

335 views 2 replies
Dear Friends, I need your kind advise on a matter. One of my friend got his ITR for AY 2013-14 e-filed with the help of someone. That person, without the knowledge of my friend, furnished false particulars, i.e. higher savings etc. and got the entire TDS refunded. The refund has been received by him and the assessment is also complete. Now my friend has come to know the same and he wants to revise his return. I am planning to revise his return u/s 139(5). He will pay the amount refunded to him along with interest calculated u/s 234D. Kindly advice me that after the above, can the department still levy panelty charges on him. Warm Regards, Rahul Singhal
Replies (2)

No penalty will be levied if there is no malafide intention and mens rea.

File the revise return u/s 139(5).

Pay the the Refund  with the Interest u/s 234 D.

There are numerous cases, where it has been upheld that the Revenue never intend to harass the genuine truthful Tax Payer.

You should have documentary proofs in this regard to justify the innocence.

SIMPLE RULE : NO DECEIT, NO PENALTY.

 

Dear Mr. Rashid, Thank you for the guidance and encouragement. Warm Regards, Rahul Singhal


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 12 March 2026
Customer Relationship Executive

TAXLET

Calicut

B.Com

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details
Company
Featured 14 March 2026
Article Trainee

N N V Satish&co

Hyderabad

CA Inter

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details