Chapter XII-DASPECIAL PROVISIONS RELATING TO TAX ON DISTRIBUTED INCOME OF DOMESTIC COMPANY FOR BUY-BACK OF SHARES (From Section 115QA to Section 115QC )
Part CProcedure for filing of return in respect of fringe benefits, assessment and payment of tax in respect thereof (From Section 115WD to Section 115WM )
Chapter XX-BREQUIREMENT AS TO MODE OF ACCEPTANCE, PAYMENT OR REPAYMENT IN CERTAIN CASES TO COUNTERACT EVASION OF TAX (From Section 269SS to Section 269TT )
Revision power over subordinate tax orders permits non prejudicial corrections subject to limitation, fee, and appeal bars. Section 264 authorises the Principal Commissioner or Commissioner to call for records and revise subordinate orders (excluding those under section 263), ... Summary
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Revision power over subordinate tax orders permits non prejudicial corrections subject to limitation, fee, and appeal bars.
Section 264 authorises the Principal Commissioner or Commissioner to call for records and revise subordinate orders (excluding those under section 263), either suo motu or on assessee application, conduct inquiries, and pass orders not prejudicial to the assessee. Revision is constrained by limitation periods, required fees, exclusions for pending appeals and appeal periods, and specified exclusions and computation rules for time when stays or re hearing opportunities arise.
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