05 March 2015
Section 142 is for Inquiry before assessment. Rectification u/s 154 can be filed only where there is an order/Intimation like u/s 143(1) & 143(3).
With a view to rectifying any mistake apparent from the record an income-tax authority referred to in section 116 may, amend any order passed by it under the provisions of this Act.
05 March 2015
If it is just fixed for scrutiny you can not resort to section 154. If the time limit for revised return has not expired then you can submit revised return provided the original return was filed within due date.
Time limit for filing revised return u/s 139(5):
Before the expiry of one year from the end of the relevant assessment year or before the completion of the assessment, whichever is earlier.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
05 March 2015
Return was filed within due date, and it was the individual return. But how can the return be revised if the case is fixed for scrutiny?
05 March 2015
Even if case is fixed for scrutiny and you find some mitakes in your return, you can file revised return u/s 139(5) provided time limit for filing revised return, as stated herein above, has not expired.