https://www.taxtmi.com/caselaws?id=298006 A revision petition under Section 264 of the Income-tax Act cannot be refused as premature merely because the Revenue may still be considering whether to appeal another decision. The revisional authority must examine the assessee's grievance on merits and pass a reasoned, speaking order, particularly where the request concerns an alleged excess tax deposit. Because the impugned order declined to address the controversy substantively and gave no meaningful reasoning, it was set aside and the matter was remanded for fresh decision after hearing the petitioner. en-us Thu, 22 Jul 2021 00:00:00 +0530 Fri, 22 Oct 2021 17:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=298006 A revision petition under Section 264 of the Income-tax Act cannot be refused as premature merely because the Revenue may still be considering whether to appeal another decision. The revisional authority must examine the assessee's grievance on merits and pass a reasoned, speaking order, particularly where the request concerns an alleged excess tax deposit. Because the impugned order declined to address the controversy substantively and gave no meaningful reasoning, it was set aside and the matter was remanded for fresh decision after hearing the petitioner. Case-Laws Income Tax Thu, 22 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=298006