Filling of petition u/sec 264 for correcting mistakes happen at the time of filling of Return of Income

Assessee is partnership firm engaged in the business of construction and development of housing project. Assessee firm has filed the Return of Income for AY 2018-19, 2019-20 and 2020-21. While filling the Return of Income as per advice of CA, added back the difference in stamp duty valuation and actual consideration u/sec 43CA of the Act.  While making this disallowance, assessee firm has added the difference even though the same is less than 10%. Since the disallowance was huge, assessee firm has uploaded the Return with out making payment of self assessment tax. All the returns are processed u/143(1A) of…

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  CREDIT OF ADVANCE TAX PAID IN INCOME DECLARATION SCHEME-2016-Issue of reassessment notice u/s 148

CREDIT FOR ADVANCE TAX WAS TAKEN  FOR THE INCOME DECLARED UNDER THE INCOME DECLARATION SCHEME FORM WAS SUBMITTED ONLINE- CPC CREDIT WAS ALLOWED TO FORMS FILED PHYSICALLY BUT CPC HAS NOT TAKEN ANY ACTION   NOW 148 NOTICE IS ISSUED BY ITO WHAT COULD BE REMEDY

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