24 June 2015
SIR, THERE ARE JARGON ABOUT THE TAKING THE KNOWLEDGE OF REVISION OF BELATED RETURN AND ALSO A RETURN FURNISHED IN RESPONSE TO NOTICE U/S 142(1) AND ITS DEADLINES FOR FURNISHING OF ROI. PLZ MAKE IT CLEAR IN FULL WITHOUT ANY JARGON PART.
25 June 2015
LEGALLY BELATED RETURN CANNOT BE REVISED. BUT IN SOME TIMES BELATED RETURN IS BEING ACCEPTED BY THE DEPARTMENT ON LINE AND PROCESSING IS BEING MADE. REVISED RETURN CAN BE FILED AGAINST A RETURN UNDER SUBSECTION 1 OF SECTION 142 PROVIDED THIS IS WITHIN THE STATUTORY TIME MENTIONED IN SUBSECTION (5) OF SECTION 139.