https://www.taxtmi.com/caselaws?id=466915 Revision under Section 263 must be initiated within two years from the end of the financial year in which the order sought to be revised was passed. Where revision concerns an issue arising from the original assessment rather than the reassessment, limitation runs from the original assessment order. A reassessment made for separate reasons, without additions on those reasons, does not extend the limitation period for revising an unrelated allowance of standard deduction. The Section 263 revision orders were therefore time-barred and quashed. en-us Mon, 24 Feb 2025 00:00:00 +0530 Thu, 26 Feb 2026 03:24:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466915 Revision under Section 263 must be initiated within two years from the end of the financial year in which the order sought to be revised was passed. Where revision concerns an issue arising from the original assessment rather than the reassessment, limitation runs from the original assessment order. A reassessment made for separate reasons, without additions on those reasons, does not extend the limitation period for revising an unrelated allowance of standard deduction. The Section 263 revision orders were therefore time-barred and quashed. Case-Laws Income Tax Mon, 24 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466915