Revision of orders prejudicial to revenue allows Competent Authority to reexamine and revise assessments that are erroneous and prejudicial. The Competent Authority may examine records and, after giving the assessee an opportunity of being heard and such inquiry as necessary, pass revisional orders including enhancement, modification, cancellation and direction for fresh assessment or orders under section 166; this covers orders by Assessing Officers, Transfer Pricing Officers and certain Joint Commissioner orders.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Revision of orders prejudicial to revenue allows Competent Authority to reexamine and revise assessments that are erroneous and prejudicial.
The Competent Authority may examine records and, after giving the assessee an opportunity of being heard and such inquiry as necessary, pass revisional orders including enhancement, modification, cancellation and direction for fresh assessment or orders under section 166; this covers orders by Assessing Officers, Transfer Pricing Officers and certain Joint Commissioner orders.
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