https://www.taxtmi.com/caselaws?id=17028 The court upheld the Commissioner's decision in dismissing the revision petition challenging the order under sections 264 and 220(2A) of the Income-tax Act, 1961. The judgment emphasized the Commissioner's discretionary power in revising orders and granting relief to the assessee, highlighting the need for careful consideration of facts. It clarified the requirement for the assessee to pay interest if the specified amount is not paid timely and addressed the concept of an order prejudicial to the assessee. The court found no grounds for interference, confirming the dismissal of the revision petition and stressing compliance with statutory provisions in tax matters. en-us Wed, 27 Aug 1997 00:00:00 +0530 Mon, 14 Sep 2009 16:41:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17028 The court upheld the Commissioner's decision in dismissing the revision petition challenging the order under sections 264 and 220(2A) of the Income-tax Act, 1961. The judgment emphasized the Commissioner's discretionary power in revising orders and granting relief to the assessee, highlighting the need for careful consideration of facts. It clarified the requirement for the assessee to pay interest if the specified amount is not paid timely and addressed the concept of an order prejudicial to the assessee. The court found no grounds for interference, confirming the dismissal of the revision petition and stressing compliance with statutory provisions in tax matters. Case-Laws Income Tax Wed, 27 Aug 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17028