Fact of Case:
Assessment year 2012-2013
Corporate Assessee
Original Return filed in time. 139(1)
Problem:
During scrutiny-
AO observe MAT payable against deduction u/s 80-IC and issue notice u/s 142(1).
80-IC income become liable to Mat as the per the amendment.
Against such notice
- Revised return is filed on 15/09/2014 accepting MAT payable
- Tax has been deposited with interest
- And Copy of 29B dated 25/08/2012 to AO
Queries: Whether Revised return can be Accepted or rejected?
Is penalty on the ground of intentional omission can be imposed?
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