Dear All,
I have an Assessee to whom IT notice came and scrutiny is in process, and while in this contest the assessee filled his return two times for the Assessment Year 2011-12, so i want to know is there any consequences regarding this.
2 Replies
Manoj Mehta
(Head Of Department (Accounts & Finance))
(1479 Points)
Replied 26 March 2014
The a.o may use it to the benefit of revenue. It can effect as the case is in scrutiny. Regards
Dipjyoti Majumdar
(CA in service & CS. dipmaj@ rediffmail.com )
(3468 Points)
Replied 26 March 2014
If you have filed a revised return after receiving intimation under 143(1) it is in order. The AO has to accept the revised ITR. But yes, if you have increased income / reduced expenses therein, penalty may be imposed for concealment of income.
You can file n numbers of revised ITRs before completion of assessment.
Thanks,
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