04 August 2007
WHAT HAPPENED IF THE ASSESSEE FILLED WRONG PAN OF AUDITOR IN ITR -4.& WHAT ARE ITS IMPLICATION. WHETHER THE RETURN OF THE ASSESSEE WILL BE TREATED AS INVALID RETURN.
The IT return will be treated as defective return U/s 139 by the assessing officer; Within 15 days from the date of his notice you can rectify. But for the same, your return will not become invalid at all.
You have yet two alternatives-
1. File a explanatory letter to jurisdictional AO suo motto mentioning right PAN of CA.
2. If you are overcautious, please file a revised return immediately and get acknowledgement in ITR V.