https://www.taxtmi.com/article/detailed?id=5316 Appeal to the Commissioner (Appeals) is generally preferable to a revision petition under section 264 because the appellate route preserves access to the Tribunal and is less prone to administrative dismissal; the Gujarat High Court in Aryaman Spinners found that the CIT dismissed a revision without addressing whether penalty grounds survived appellate relief, and where appellate authorities have accepted the assessee's view on quantum that acceptance ordinarily negates a charge of concealment or inaccurate particulars for penalty purposes. en-us Mon, 14 Oct 2013 14:07:16 +0530 Mon, 14 Oct 2013 14:07:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5316 Appeal to the Commissioner (Appeals) is generally preferable to a revision petition under section 264 because the appellate route preserves access to the Tribunal and is less prone to administrative dismissal; the Gujarat High Court in Aryaman Spinners found that the CIT dismissed a revision without addressing whether penalty grounds survived appellate relief, and where appellate authorities have accepted the assessee's view on quantum that acceptance ordinarily negates a charge of concealment or inaccurate particulars for penalty purposes. Articles Income Tax Mon, 14 Oct 2013 14:07:16 +0530 https://www.taxtmi.com/article/detailed?id=5316