The Income Tax Department has provided an extension for sending in the ITR-V for Income Tax Returns filed electronically.
So if the 120 days period has elapsed, do not worry and send in your ITR-V to CPC, Bangalore asap. (Instructions on how to send your ITR-V to CPC, Bangalore are here)
- For I-T returns for Assessment Year 2012-13 - the deadline is March 31st, 2013 or 120 days from e-filing (whichever is LATER)
- For I-T Returns for Assessment Year 2010-11 and 2011-12, extension is granted till February 28th, 2013.
You can read the official circular provided by the Income Tax Department here on ITR-V deadline extension.
So, send that ITR-V already!.