Revision of Order by Principal Commissioner or Commissioner u/Ss 263 & 264 | RAM DUTT SHARMA | Commercial Law Publishers | 2022 Hardbound Edition

This book by Ram Dutt Sharma focuses on the revision of orders under sections 263 and 264 of the Income Tax Act. These sections provide the Principal Commissioner or Commissioner the authority to revise any order passed by a subordinate tax officer if it is found to be erroneous or prejudicial to the interests of the taxpayer or the government. The book offers an in-depth analysis of the process, procedures, and legal intricacies involved in the revision of such orders.

Key Features:

• Sections 263 and 264 Explained: A detailed breakdown of the provisions under these sections that give the Principal Commissioner or Commissioner the power to revise orders.
• Scope of Revision: Clarification on what orders can be revised, including appeals, assessments, and penalties, and the conditions for revision.
• Power of Revision: Understanding the limits and scope of the Commissioner’s or Principal Commissioner’s power under the Income Tax Act.
• Procedure for Revision: Step-by-step guidance on how revision is carried out, including the steps to file an appeal, the role of the assessee, and the process of issuing a revision order.
• Case Studies & Examples: Practical illustrations and case studies to help readers grasp the application of Sections 263 and 264.
• Legal Precedents: A review of key judgments and legal precedents that shape the understanding and implementation of these sections.
• Relevance to Taxpayers & Professionals: Essential for taxpayers, tax consultants, chartered accountants, and anyone involved in Income Tax assessments or revisions.

This book is a vital resource for understanding the legal framework surrounding the revision of orders by the Principal Commissioner or Commissioner under the Income Tax Act, ensuring that individuals and professionals can navigate the complexities of tax revision processes effectively.