https://www.taxtmi.com/acts?id=48821 Clause 377 authorises the Competent Authority to call for and examine records of tax proceedings and, after hearing the assessee and making necessary inquiries, to revise orders of the Assessing Officer or Transfer Pricing Officer deemed erroneous and prejudicial to revenue by enhancing, modifying, cancelling or directing fresh assessments or orders under section 166; it defines scope, records, grounds for being erroneous, limitation periods with specified exclusions and a safeguard extension, and preserves implementation of appellate or judicial findings. en-us Fri, 14 Feb 2025 12:34:51 +0530 Fri, 14 Feb 2025 12:34:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=48821 Clause 377 authorises the Competent Authority to call for and examine records of tax proceedings and, after hearing the assessee and making necessary inquiries, to revise orders of the Assessing Officer or Transfer Pricing Officer deemed erroneous and prejudicial to revenue by enhancing, modifying, cancelling or directing fresh assessments or orders under section 166; it defines scope, records, grounds for being erroneous, limitation periods with specified exclusions and a safeguard extension, and preserves implementation of appellate or judicial findings. Act-Rules Bills Fri, 14 Feb 2025 12:34:51 +0530 https://www.taxtmi.com/acts?id=48821