Introducing the “In Favour Of” filter in Case Laws.
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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Commissioner Can Revise Assessing Officer's Orders Under Interest-tax Act, 1974, Within One Year Without Prejudicing Assessee</h1> The Commissioner has the authority to revise orders made by a subordinate Assessing Officer under the Interest-tax Act, 1974, either on their initiative or upon an application by the assessee. Such revisions must not be prejudicial to the assessee and cannot be made if more than a year has passed since the order was issued. Applications for revision by the assessee must be submitted within one year from when the order was communicated or known. The Commissioner cannot revise orders if an appeal is possible and not yet made, or if the order is under appeal. A fee of twenty-five rupees is required for applications, and decisions on applications made after October 1, 1998, must be issued within a year, excluding periods of stay or rehearing opportunities.
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