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of <h1>Commissioner Can Revise Wealth Tax Orders Under Section 25; Must Act Within Two Years, Subject to Conditions</h1> Section 25 of the Wealth Tax Act, 1957, grants the Commissioner the authority to revise orders made by subordinate authorities. The Commissioner can initiate revisions on their own or upon an assessee's application, provided certain conditions are met, such as the absence of an ongoing appeal or the expiry of the appeal period. Applications for revision must be accompanied by a fee and submitted within a year of the order. The Commissioner can revise orders deemed erroneous and prejudicial to revenue interests, with revisions subject to a two-year limitation period, except when directed by higher judicial authorities.
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