Revised return - meaning of assessment completion

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Yash Goyal (Querist)
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29 March 2015 Dear Experts,

My client received intimation u/s 143(1) for A.Y. 2013 - 14. Assessee filed rectification application u/s 154 and the same has been processed. Now an error has been discovered in the said return and want to revise the return. Please advise whether a rectification u/s 154 will amount to "Completion of Assessment" as contemplated in section 139(5)?

Kindly advise urgently as have only two days left for revising the return.

Thanks in Advance
CA Yash Goyal

CA. SHIVA SHANKARA R. SHETTY

CA. SHIVA SHANKARA R. SHETTY (Expert)
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29 March 2015 You can revise the return, but it will remain as 'unattended". The dept will not process the revised return.

I think you can seek the remedy u/s. 264 of the Income Tax Act, 1961 i.e., revision of the order.