Revised return validity & Mat related issue., Income Tax

[G. Tipra]

Fact of Case:
Assessment year 2012-2013
Corporate Assessee
Original Return filed in time. 139(1)

Problem:
During scrutiny-
AO observe MAT payable against deduction u/s 80-IC and issue notice u/s 142(1).

80-IC income become liable to Mat as the per the amendment.

Against such notice
- Revised return is filed on 15/09/2014 accepting MAT payable
- Tax has been deposited with interest
- And Copy of 29B dated 25/08/2012 to AO

Query: Whether Revised return can be Accepted or rejected?
Is penalty on the ground of intentional omission can be imposed?

Posts / Replies

[MARIAPPAN GOVINDARAJAN]

Whether you got clarified in the above issue? If not please inform.