Revision of wealth and gift tax assessments requires prior Inspecting Assistant Commissioner approval where revisions exceed the prescribed threshold.

Wealth-tax and Gift-tax Officers must obtain prior approval from the Inspecting Assistant Commissioner before passing revision orders where a revision pursuant to appellate orders produces a reduction or enhancement of wealth-tax or gift-tax exceeding Rs.25,000; this procedural requirement applies to revision orders following appellate decisions and serves as supervisory control over significant tax adjustments.

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