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Return of Income

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22 October 2010 Assessee have filled online return of income, but have not signed the return and sent to Banglore even after expiry of 120 days? Is the return valid?

22 October 2010 It is an invalid return. Recourse under section 292B also will not be obtained in view of decided cases.

22 October 2010 Yes, Return would be considered as invalid


22 October 2010 In AY 2008-09 the assessee was having the option of (1) either filing return on line and submit the copy of ITR V to IT Department duly signed by him or (2) File physical return.
The assessee filed the return physically to IT Department & than submitted online return ignorantly, but as the error was traced ITR V was not submitted to nullify the online return. Is the valid treatment.

23 October 2010 If he has a acknowledgement of submission of return. that return will be valid return. I mean physical return.

24 October 2010 due to physical return it is a valid return.



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