10 October 2012
PAN in the ITR was unintentionally quoted wrong. After intimating the AO about our error, he sent across a penalty notice. However after requesting him to drop penalty, we have been asked to file a revised return. However there is no change in the computation of income and tax. Should a revised return be filed for such a mistake?
10 October 2012
It is a must to file revised return .
Notice under 148 is possible if u fail to file revised return as the AO has reason to believe that income has esacped assessment. Informing in advance alone may not save from action,because as per records the return is not yet filed.
10 October 2012
Some others had such an issue and it was sorted out with active correspondence and requests to the concerned ward. None of them have been asked to file a revised return.