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of <h1>CBDT Clarifies: CIT Cannot Revise Orders u/s 269F(6) Even if Approved u/s 264.</h1> The Central Board of Direct Taxes (CBDT) issued Instruction No. 1713 on May 27, 1986, clarifying that the Commissioner of Income Tax (CIT) cannot exercise revisionary powers under Section 264 of the Income Tax Act, 1961, on orders passed under Section 269F(6) by the Competent Authority, even if such orders have been approved by the CIT. This decision has been carefully considered and is to be strictly followed, ensuring that the CIT does not revise acquisition orders made under the specified section with CIT approval.
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