https://www.taxtmi.com/caselaws?id=273946 The Court set aside the rejection of the revision petition under Section 264 of the IT Act, instructing the Commissioner to reconsider the petitioner's claim for deduction of arrears of salary and wages for the year 2008-09. The Court emphasized the Commissioner's discretionary power to entertain revision petitions and grant relief, even without a revised return, especially when the claim could have been made in the previous year. The Commissioner was directed to review the petition, considering all relevant materials, including the appellate order for the 2007-08 assessment, within two months. en-us Thu, 11 Aug 2016 00:00:00 +0530 Sat, 21 Jul 2018 09:34:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273946 The Court set aside the rejection of the revision petition under Section 264 of the IT Act, instructing the Commissioner to reconsider the petitioner's claim for deduction of arrears of salary and wages for the year 2008-09. The Court emphasized the Commissioner's discretionary power to entertain revision petitions and grant relief, even without a revised return, especially when the claim could have been made in the previous year. The Commissioner was directed to review the petition, considering all relevant materials, including the appellate order for the 2007-08 assessment, within two months. Case-Laws Income Tax Thu, 11 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273946