https://www.taxtmi.com/caselaws?id=20797 A suo motu revisional power exercised after the ordinary periods for reopening or rectification had expired must be supported by cogent reasons showing why the action was taken within a reasonable time. Where assessments had attained finality, the revisional authority was required to apply its mind to the relevant facts, indicate bona fide justification, and identify any exceptional or supervening circumstances explaining the delay. In the absence of such recorded reasons, the revisional order was treated as unsustainable and the matter required reconsideration in accordance with law. en-us Wed, 10 Feb 1993 00:00:00 +0530 Tue, 17 Nov 2009 12:39:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20797 A suo motu revisional power exercised after the ordinary periods for reopening or rectification had expired must be supported by cogent reasons showing why the action was taken within a reasonable time. Where assessments had attained finality, the revisional authority was required to apply its mind to the relevant facts, indicate bona fide justification, and identify any exceptional or supervening circumstances explaining the delay. In the absence of such recorded reasons, the revisional order was treated as unsustainable and the matter required reconsideration in accordance with law. Case-Laws Income Tax Wed, 10 Feb 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20797