https://www.taxtmi.com/highlights?id=102628 Section 264 provides beneficial and remedial revisional relief against over-assessment, including errors in a taxpayer's return. Relief is not dependent on filing a revised return within the prescribed time or on whether the error arose from the taxpayer's voluntary action or a departmental order. Taxing the same income in two assessment years can create an over-assessment where the combined effect of the relevant orders results in double taxation. A revisional authority must examine the claim and reconciliations on their merits rather than reject relief solely because an intimation accepted the returned income in isolation. en-us Wed, 12 Aug 2026 09:30:20 +0530 Wed, 12 Aug 2026 09:30:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=102628 Section 264 provides beneficial and remedial revisional relief against over-assessment, including errors in a taxpayer's return. Relief is not dependent on filing a revised return within the prescribed time or on whether the error arose from the taxpayer's voluntary action or a departmental order. Taxing the same income in two assessment years can create an over-assessment where the combined effect of the relevant orders results in double taxation. A revisional authority must examine the claim and reconciliations on their merits rather than reject relief solely because an intimation accepted the returned income in isolation. Highlights Income Tax Wed, 12 Aug 2026 09:30:20 +0530 https://www.taxtmi.com/highlights?id=102628