{"id":23011,"date":"2021-12-12T22:48:21","date_gmt":"2021-12-12T17:18:21","guid":{"rendered":"https:\/\/itatonline.org\/digest\/?post_type=qa&#038;p=23011"},"modified":"2021-12-13T05:37:34","modified_gmt":"2021-12-13T00:07:34","slug":"filling-of-petition-u-sec-264-for-correcting-mistakes-happen-at-the-time-of-filling-of-return-of-income","status":"publish","type":"qa","link":"https:\/\/itatonline.org\/digest\/qa\/filling-of-petition-u-sec-264-for-correcting-mistakes-happen-at-the-time-of-filling-of-return-of-income\/","title":{"rendered":"Filling of petition u\/sec 264 for correcting mistakes happen at the time of filling of Return of Income"},"content":{"rendered":"<p>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.\u00a0 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.<\/p>\n<p>All the returns are processed u\/143(1A) of the Act and demands are raised.<\/p>\n<p>Whether assessee firm can file petition\u00a0 u\/sec. 264 of the Act for all the 3 years. ?<\/p>\n<p>Whether there is any other remedy ?<\/p>\n<p>Pl guide.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","qa_expert":[139],"qa_category":[23],"qa_tag":[181,458,457,75,320],"class_list":["post-23011","qa","type-qa","status-publish","hentry","qa_expert-research-team","qa_category-income-tax","qa_tag-assessment-order","qa_tag-mistake-in-filing-return","qa_tag-revision","qa_tag-revision-of-assessment","qa_tag-writ"],"acf":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa\/23011","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/qa"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=23011"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=23011"}],"wp:term":[{"taxonomy":"qa_expert","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_expert?post=23011"},{"taxonomy":"qa_category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_category?post=23011"},{"taxonomy":"qa_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_tag?post=23011"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}