19 February 2018
Sir/madam, In december 2017 i filed ITR u/s 142(1) for Assessment year 2012-13 but due to some mistake i again want to file ITR u/s 142(1). So my question Is i eligible to file ITR u/s 142(1) for Assessment year 2012-13 second time to rectify my mistake???
20 February 2018
A revised return is filed under provisions of Sub-Section (5) of Section 139 of the IT Act, 1961.This section states that a person who has filed a return u/s 139(1) - i.e. within the due date or u/s 142(1) he may revise the return within 1 year from the end of the AY or before assessment is made whichever is earlier. It may be noted however, that w.e.f. AY 2017-18, the provisions have been amended to disallow rectification of such returns but to allow rectification of returns including belated returns. But the provisions does not include a specific reference to a return filed under Section 142(1). Furthermore, you mentioned that you filed a return for AY 2012-13 in December 2017. So the time limit for revising has passed which is one year from the end of the AY. which is March 2014. so technically it appears that you would not be able to revise your return, but it may be worth a shot trying to upload it using the e-filing system.
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