Re: [aaykarbhavan] Please Help: Income Tax Demand

The revised return of income can be processed u/s 143(1) only if the original return of income was filed u/s 139(1). The CPC cannot rectify the so-called mistake because the duly verified ITR V respecting the original return of income showed that the assessee's income for the assessment year 2010-11 was Rs.1140469. I am of the considered view that the blunder committed by the assessee, cannot be a undone by way of passing a rectification order u/s 154 of the Act because the mistake is not apparent from record and not covered under the said section. With due regards. --- On Sat, 4/6/13, Vidya V <viral.vidya@gmail.com> wrote: From: Vidya V <viral.vidya@gmail.com> Subject: [aaykarbhavan] Please Help: Income Tax Demand To: aaykarbhavan@yahoogroups.com Date: Saturday, April 6, 2013, 4:45 AM   Dear Friends & Professional Colleague, Your Advise and   Guidance needed for my friend who have received Income Tax Demand for Rs. 3,19,800/-.  The details of which is as follows: Assessee have E-Filed Original Return for AY 10-11 on 27-03-2011, Income was wrongly shown as Rs. 11,40,469/-. Assessee have E-Filed a Revised Return for AY 10-11 on 09-04-2011, with Actual Income of Rs. 1,14,469/-. Both the ITR-V of E-Return were sent to Bangalore.  Assessee received confirmation Email for receipt of ITR-V. Now the assessee have received Demand notice for AY 10-11 for payment of Income Tax of Rs. 3,19,800/-. Assessee have filed Rectification for the AY 10-11, for correcting the income at Rs. 1,14,469/-. My Query  1. Is this sufficient or some more precautions have to be taken ? 2. Whether the demand would be cancelled ? 3. Do the assessee needs to send anything to Bangalore ? like Bank Pass Book or any Affidavit for evidence of Income.  Thanks in Anticipation. Awaiting for your Professional support and guidance.

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