https://www.taxtmi.com/article/detailed?id=12262 Section 264 confers broad revisional power on the Commissioner to call for records, inquire and pass orders to rectify over-assessment or errors by subordinate authorities, exercisable suo motu or on taxpayer application. Condonation of delay must be liberally construed by assessing sufficient cause, considering diligence, bona fides and delays caused by other authorities. An assessment intimation may be treated as an order revisable under section 264, and subsequent nomenclature amendments do not affect the substantive scope of revisional powers. en-us Tue, 30 Jan 2024 08:53:30 +0530 Tue, 30 Jan 2024 08:53:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12262 Section 264 confers broad revisional power on the Commissioner to call for records, inquire and pass orders to rectify over-assessment or errors by subordinate authorities, exercisable suo motu or on taxpayer application. Condonation of delay must be liberally construed by assessing sufficient cause, considering diligence, bona fides and delays caused by other authorities. An assessment intimation may be treated as an order revisable under section 264, and subsequent nomenclature amendments do not affect the substantive scope of revisional powers. Articles Income Tax Tue, 30 Jan 2024 08:53:30 +0530 https://www.taxtmi.com/article/detailed?id=12262