https://www.taxtmi.com/caselaws?id=759891 Gujarat HC allowed petitioner's writ petition challenging rejection of revision application under Section 264 for non-payment of mandatory Rs. 500 fee. Court held that petitioner's payment of fee on 04.02.2023, immediately after receiving notice dated 03.02.2023, constituted sufficient compliance with Section 264(5) provisions. The revision application remained within prescribed time limits even considering the fee payment date as filing date. HC distinguished respondent's cited precedent where no fees were paid, noting petitioner here promptly paid upon objection, regularizing the application. Court quashed the impugned order and remanded matter to respondent to decide revision on merits within 12 weeks after providing hearing opportunity. en-us Tue, 01 Oct 2024 00:00:00 +0530 Thu, 10 Oct 2024 08:27:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=759891 Gujarat HC allowed petitioner's writ petition challenging rejection of revision application under Section 264 for non-payment of mandatory Rs. 500 fee. Court held that petitioner's payment of fee on 04.02.2023, immediately after receiving notice dated 03.02.2023, constituted sufficient compliance with Section 264(5) provisions. The revision application remained within prescribed time limits even considering the fee payment date as filing date. HC distinguished respondent's cited precedent where no fees were paid, noting petitioner here promptly paid upon objection, regularizing the application. Court quashed the impugned order and remanded matter to respondent to decide revision on merits within 12 weeks after providing hearing opportunity. Case-Laws Income Tax Tue, 01 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=759891