After aseessment 143(1) can revised income tax return

This query is : Resolved

HARSH KOTHARI (Querist)
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20 August 2012 INCOME TAX RETURN UPLOADED IN-TIME FOR ASSESSMENT YEAR 2011-12 F.Y. 2010-11 ON DATED 28- JULY-2011 AFTER HIS ASSESSMENT ARE RECEIVED 143(1)HOW CAN REVISED RETURN AND SECTION ?

CA AYUSH AGRAWAL

CA AYUSH AGRAWAL (Expert)
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20 August 2012 Return Can be Revised.

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SANYAM ARORA

SANYAM ARORA (Expert)
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20 August 2012 It can be revised on the basis of section 143(1)

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HARSH KOTHARI

HARSH KOTHARI (Querist)
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20 August 2012 REASON PLEASE?

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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20 August 2012 1. Please understand that 143(1) is NOT an assessment.
It is PROCESSING of return.

U/s 143(1), an intimation is generated. An assessment order is NOT issued.

2. SInce, 143(1) is NOT an assessment, return can be revised.

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CA AYUSH AGRAWAL

CA AYUSH AGRAWAL (Expert)
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20 August 2012 Ohhhh.Its 143 (1), Not 143 (3),
Return Can be Revised.

Intimation is received, its not an assessment, so the return can be revised.

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HARSH KOTHARI

HARSH KOTHARI (Querist)
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21 August 2012 on which section?
139(1)
139(4)
142(1)
148
153(a)/(c)
139(5)
?

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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22 August 2012 Revised return is filed u/s 139(5).

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