Can ito levy penalty u/s 234f in revise income tax return?

santosh (Querist) 15 January 2020 This query is : Resolved
I have asked to CA he said that ito can not levy Penalty U/S 234F if my original return is filed in due time and there is no provision of penalty u/s 234F in Revised Return. then now what i to do?
Thanks & Regards

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This discussion explores whether the Income Tax Office (ITO) can levy a penalty under Section 234F when an individual files a revised income tax return. The general consensus, supported by a CA's opinion, is that if the original return was filed on time, a Section 234F penalty should not apply to a revised return filed within the stipulated time limits. However, the validity of a revised return filed after a significant delay is questioned, as this might justify the penalty.

Raj Kumar Makkad (Expert) 15 January 2020
Submit reply to ITO on the basis of the opinion of CA.

Sb Karma (Expert) 16 January 2020
Reply all docs again to ito,with praying to re verification,then they accept it,or indicate which data is not matching.
Then take steps as per their reply

Rajendra K Goyal (Expert) 26 April 2020
Please inform:
Whether original return was filed within time i.e. before last date.
Whether revised return was filed within the time allowed for filing revised return.
Whether return filed manually or online.

If notice received online, reply the same online mentioning ITR V / acknowledgement no., date filed with other particulars of the filed return.

Raj Kumar Makkad (Expert) 26 April 2020
The long silcence of the author indicates something otherwise.

Rajendra K Goyal (Expert) 27 April 2020
Revised return can not be filed after a gap ,of many years. The time has been fixed for filing revised return and if not filed within the prescribed period, justify levy u/s 234 F.

Assessee can revise return as many times as he wish before the permissible last date.

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