Rules for assessing revised return.

 the relevant rules for your case:

Filing Revised Returns - *Section 139(5)*: Allows taxpayers to file revised returns before the end of the relevant assessment year or before the completion of the assessment, whichever is earlier. -

 *Multiple Revised Returns*: There is no specific limit on the number of revised returns that can be filed, but each revised return must be filed before the end of the relevant assessment year or before the completion of the assessment, whichever is earlier [1].

CPC Assessment - *Section 143(1)*: The CPC can process returns and make adjustments, if any, without issuing a notice to the taxpayer. -

*Assessment of Revised Returns*: The CPC can assess any of the revised returns filed by the taxpayer, but it is expected to assess the latest revised return filed.

Demand Notice - *Section 156*: The CPC can issue a demand notice if there is an outstanding tax liability. -

*Payment of Demand*: The taxpayer is required to pay the demand within the specified time frame.

Grievance Redressal - *Section 154*: The taxpayer can file a rectification application if there is an error in the assessment order. -

 *Grievance Redressal Mechanism*: The CPC has a grievance redressal mechanism in place to address taxpayer grievances

The option available with you is raise grievance to the issue with CPC or to file appeal against the order of demand accruing on second revised return.

Appeal may be a good choice at this time.

Comment edited by: "Geometry Dash"

A later revised return validly filed within the permitted time ordinarily supersedes the earlier revised return. If the third revised return was valid and filed before the applicable deadline, CPC should generally process that return; processing an earlier version afterward and raising a demand appears inconsistent. Compare the filing dates, acknowledgements and section 143(1) intimation dates, and check that the third return was not treated as invalid or otherwise not taken up. For AY 2020–21, the ordinary revised-return deadline was 31 March 2021, subject to any applicable extension.

• Download both CPC intimations and the computation details. If the demand is on the earlier return, file an online rectification request under section 154 against that intimation, selecting the appropriate correction option and clearly identifying the later valid return and the resulting refund already issued.
• Separately submit a response to outstanding demand on the portal, disputing it and recording the rectification request and supporting facts. Retain acknowledgements and escalation details for the unanswered grievances.
• Do not rely on a phone call as the demand notice or as a substitute for a written CPC communication. Verify the demand and any recovery action on the portal; if a formal recovery notice is issued, respond promptly and seek a stay through the prescribed channel. The precise remedy depends on the dates and the wording/status of both intimations.

Resolving the return-version mismatch also helps keep refund and demand records aligned for the next tax-compliance cycle. Manual follow-up across intimations, rectifications and grievances is difficult; automation can reduce repetitive tracking while professional judgment stays in control. At Jir AI we provide 2,000+ AI agents and 650+ integrations to streamline your practice’s day-to-day workload. For a WhatsApp discussion on simplifying these workflows, message us here: https://wa.me/message/3HVOZ7HIY4ESC1