03 November 2012
I filled a return within due date in which i had business profit. But i had left out an expenditure which was not eligible for deduction in the last Assessment year & we are entittled to treat the same as an expenditure in the current A.Y. After considering the same: a business loss is coming. Now can i revise the return? Please provide the relevant case law, if possible.
22 November 2012
You can revise the return for any reason. If you have not made a claim for deduction (intentional or unintentional) you can file a revised return.
There is NO requirement that the change sought to be made in the return should be a mistake.
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