Commissioner can condone delay in Section 264 applications without relying on Limitation Act Section 5.

Commissioner can condone delay in Section 264 applications without relying on Limitation Act Section 5. https://www.taxtmi.com/highlights?id=37114 Applications u/s 264 for revision in favor of assessee - Condonation of delay - Proviso to Sub-Section (3) of Section 264 confers a statutory power on the Commissioner to condone the delay. Therefore it was not necessary for the Commissioner to have taken recourse to Section 5 of the Limitation Act, 1963. - HC en-us Fri, 08 Dec 2017 09:52:04 +0530 Fri, 08 Dec 2017 09:52:04 +0530 TaxTMI RSS Generator Commissioner can condone delay in Section 264 applications without relying on Limitation Act Section 5. https://www.taxtmi.com/highlights?id=37114 Applications u/s 264 for revision in favor of assessee - Condonation of delay - Proviso to Sub-Section (3) of Section 264 confers a statutory power on the Commissioner to condone the delay. Therefore it was not necessary for the Commissioner to have taken recourse to Section 5 of the Limitation Act, 1963. - HC Highlights Income Tax Fri, 08 Dec 2017 09:52:04 +0530 https://www.taxtmi.com/highlights?id=37114