revised return or Sec 154 rectification

manish toshniwal (Partner) (48 Points)

17 January 2011  
Dear All,
For A.Y. 2009-10, original ITR-5 was filed within time u/s. 139. At the time of e-filing Net Profit as per P&L A/c was wromgly shown as Rs. 11,00,000/-. But corrent Net Profit shown in computation as Rs. 50000/-.  Now I received the Intimation u/s. 143(1) from the CPC Banglore Office demanding Tax on Rs. 11,00,000/-
I want to know whether can I revise the ITR-5 or should I made a rectification u/s. 154?
And whether this mistake can be rectifiable u/s. 154?
Manish Toshniwal