Power of revision under tax law restricted where acquisition orders approved by Commissioner are not revisable. The Board directs that the Power of Revision under the Income-tax Act cannot be exercised by a Commissioner to revise acquisition orders issued by the ... Summary
Power of revision under tax law restricted where acquisition orders approved by Commissioner are not revisable.
The Board directs that the Power of Revision under the Income-tax Act cannot be exercised by a Commissioner to revise acquisition orders issued by the Competent Authority where those orders were made under the acquisition provision and were passed with the approval of the Commissioner; strict adherence to this administrative limitation is required.
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