https://www.taxtmi.com/caselaws?id=345900 The Court overturned the Principal Commissioner of Income Tax's decision, finding the rejection of the petitioner's revision application under Section 264 of the Income Tax Act, 1961 as time-barred to be erroneous. The Court held that the limitation period for filing the revision petition starts when the assessee receives a copy of the intimation, not just when aware of return processing. The Court directed the Principal Commissioner to review the petitioner's application on its merits, emphasizing the need to consider justifiable reasons for any delays in petitions. en-us Thu, 27 Jul 2017 00:00:00 +0530 Fri, 28 Jul 2017 23:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345900 The Court overturned the Principal Commissioner of Income Tax's decision, finding the rejection of the petitioner's revision application under Section 264 of the Income Tax Act, 1961 as time-barred to be erroneous. The Court held that the limitation period for filing the revision petition starts when the assessee receives a copy of the intimation, not just when aware of return processing. The Court directed the Principal Commissioner to review the petitioner's application on its merits, emphasizing the need to consider justifiable reasons for any delays in petitions. Case-Laws Income Tax Thu, 27 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345900