CIT Can Revise Decisions to Correct Taxpayer Errors in Exemption Claims u/s 264 of Income Tax Act.

CIT Can Revise Decisions to Correct Taxpayer Errors in Exemption Claims u/s 264 of Income Tax Act. https://www.taxtmi.com/highlights?id=16745 Power of CIT u/s 264 - Revision in favor of assessee - Power under Section 264 of the Act, is wide enough, to include rectification of a “bonafide” error committed by an assessee, while claiming exemptions, under the Act - HC en-us Sat, 11 Jan 2014 06:00:55 +0530 Sat, 11 Jan 2014 06:00:55 +0530 TaxTMI RSS Generator CIT Can Revise Decisions to Correct Taxpayer Errors in Exemption Claims u/s 264 of Income Tax Act. https://www.taxtmi.com/highlights?id=16745 Power of CIT u/s 264 - Revision in favor of assessee - Power under Section 264 of the Act, is wide enough, to include rectification of a “bonafide” error committed by an assessee, while claiming exemptions, under the Act - HC Highlights Income Tax Sat, 11 Jan 2014 06:00:55 +0530 https://www.taxtmi.com/highlights?id=16745