Error in Filing ITR for AY 2021-22-How to correct?

[ROHIT GOEL]

Dear Experts,

Mr. A is partner in firm which is liable for audit. While filing his ITR for AY 2021-22 however he selected that firm was not liable for audit and due to the same his ITR was filed u/s 139(4)-Belated return. The ITR was filed on 30.1.2022 (due date for his ITR was 15.3.2022 but due to non selection of auditable firm, due date became 31.12.2021)

In AY 2021-22, he opted for option u/s 115BAC for first time and filed Form 10IE on 30.1.2022. Now he has received intimation u/s 143(1) wherein Option u/s 115BAC has been denied due to filing of ITR u/s 143(1) and therefore demand raised.

Obviously, same has happened due to clerical error but there is no option to revise ITR for AY 2021-22. Further, rectification is not possible as per portal as it is not allowing for change of return filing section (139(1) instead of 139(4)). What are the remedies available with assessee to ensure that he gets benefit of 115BAC and is not made to pay undue taxes due to the clerical error?

AI Summary

Tax regime selection denied due to mistaken return classification; taxpayer seeks remedy to secure chosen regime. A partner mistakenly marked his auditable firm as not liable to audit, causing his return to be treated as a belated return and filed under the wrong provision; although he filed the election for the optional tax regime, the intimation denied that election due to the belated return classification, a demand followed, and the portal does not permit revision or rectification to change the return-filing provision, prompting a request for available remedies.