ANKUR TAH
(Teacher Consultant and CA finalist.)
(543 Points)
Replied 09 October 2016
CA Gyati Gupta
(In Practice)
(8427 Points)
Replied 11 October 2016
According to me ITR after being processed indicates that the assessment for the Relevant AY has been completed as after processing of return, refunds if any will be granted , demads if any will be raised.
Hence processing of Returns amounts to completion of assessment.
Now we would go by the text contained u/s 139(5), Return can be revised within one year from the end of the relevant asstt year or completion of asstt which ever is earlier.
Therefore, asstt is completed which means Revised return can not be filed.
But Return can be revised even after refund is recd. So kindly confirm from the deptt itself by calling helpline no.
Udgam Koomar
(Tax Technologist)
(1949 Points)
Replied 11 October 2016
for 14-15 revision cannot be done, rectification may be possible.
CAclubindia
