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of <h1>Section 24: Principal Commissioner Can Revise Orders on Black Money Act, Excluding Section 23, Within Specific Timeframes.</h1> Section 24 of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, allows the Principal Commissioner or Commissioner to revise orders made by subordinate authorities, except those under Section 23. They can do this either on their own or upon an assessee's request, provided it is not prejudicial to the assessee. The revision cannot apply to orders pending appeal or already decided. Applications for revision must be made within one year, extendable to two years for valid reasons. The revision must be completed within one year, excluding certain periods like rehearing opportunities or court stays.
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