Hello,
It is a commonly known fact that Belated Return cannot be revised. However, I've tried it twice and it worked. I e-filed 2 income tax returns(belated) on 27th March 2012 and then I e-revised those on 30th March 2012 and I could generate the acknowledgement on the Efiling website. Now, if the acknowledgement is signed and sent to Bangalore, is there any way it can be rejected??
If it is not allowed, the system should not allow it. But since its allowed it, then they should accept it! But what happens practically?