https://www.taxtmi.com/forum/issue?id=107851 A taxpayer sought to use Section 119(2)(b) to apply to the Commissioner for revision of a return to claim a discovered refund. Revision of a return is permissible for a bona fide mistake but is constrained by the statutory filing period for revised returns (generally before one year from the end of the relevant assessment year or before completion of assessment, whichever is earlier). The adviser concluded the limitation period had expired, so the refund could not be claimed by filing a revised return. en-us Tue, 13 Jan 2015 16:42:32 +0530 Thu, 23 Jan 2025 15:57:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=107851 A taxpayer sought to use Section 119(2)(b) to apply to the Commissioner for revision of a return to claim a discovered refund. Revision of a return is permissible for a bona fide mistake but is constrained by the statutory filing period for revised returns (generally before one year from the end of the relevant assessment year or before completion of assessment, whichever is earlier). The adviser concluded the limitation period had expired, so the refund could not be claimed by filing a revised return. Discussion-Forum Income Tax Tue, 13 Jan 2015 16:42:32 +0530 https://www.taxtmi.com/forum/issue?id=107851