Mistake in belated electronic return

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

12 March 2012 WHAT SHALL BE THE CONSEQUENCES IF SPECULATION INCOME IS MISTAKENLY SKKIPPED TO BE SHOWN IN ITR - 4 IN A BELATED RETURN; BUT INCOME TAX IS PAID CORRECTLY (ON INCOME WHICH INCLUDES SPECULATION INCOME ALSO)?
WHAT IF IN THE ABOVE CASE THE ONLY DIFFERENCE IS THAT ITR-2 IS FILED, INSTEAD OF ITR-4

CA Vijay Kumar Walande

CA Vijay Kumar Walande (Expert)
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13 March 2012 Dear Sir,

It does not matter which ITR you have filed Returns can be revised only if they are filed u/s 139(1) or in reply to Sec 142(1). I your case since the return is filed u/s.139(4), Revision is not possible.

In my opinion Revision is not possible in the above case.