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Wrong order u/s 143(1) Ay 2019-20

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Neetu Barasia

5 Points Posted on 06 January 2020

sir, wrong asstt order was passed as regards to calculation of capital gain. i filed rectification, but since the Utility of ITR 2 had changed, there was a difference in carried forward loss, on grounds of which the rectification request was rejected by the department.

please guide how i should proceed in this case.

thanks

Replies (4)

Quick Summary

A taxpayer received a wrong assessment order under section 143(1) concerning capital gains calculation. Their rectification request was denied because a change in the ITR utility led to a discrepancy in carried forward losses. The advice given is to file a revised ITR under section 139(5) of the IT Act, which is permissible even after an assessment order if it's an intimation under section 143(1).