TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Section 23 empowers tax commissioners to revise orders affecting revenue, with hearings and inquiries, within two years.</h1> Section 23 of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, allows the Principal Commissioner or Commissioner to revise orders deemed prejudicial to revenue. They can examine records and conduct inquiries, providing the assessee an opportunity to be heard. The revision may enhance or modify assessments but not cancel them. This power does not cover matters decided in appeals and must be exercised within two years, except when linked to higher court directives. The section outlines conditions under which an order is considered erroneous and defines 'record' for examination purposes.
TaxTMI 
TaxTMI 
