https://www.taxtmi.com/article/detailed?id=17326 Section 264 revision cannot be used after expiry of the revised-return period to introduce a tolerance benefit omitted from a self-assessed return processed under section 143(1). The competing issue is whether binding appellate precedent requiring a tolerance benefit must be followed by revenue authorities, including in revisionary proceedings and intimation processing. The analysis questions whether revisionary correction remains available where self-assessed income exceeds tax legally payable and whether subsequent legal developments or clarificatory tolerance amendments warrant consideration. en-us Tue, 01 Sep 2026 08:26:48 +0530 Tue, 01 Sep 2026 08:26:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=17326 Section 264 revision cannot be used after expiry of the revised-return period to introduce a tolerance benefit omitted from a self-assessed return processed under section 143(1). The competing issue is whether binding appellate precedent requiring a tolerance benefit must be followed by revenue authorities, including in revisionary proceedings and intimation processing. The analysis questions whether revisionary correction remains available where self-assessed income exceeds tax legally payable and whether subsequent legal developments or clarificatory tolerance amendments warrant consideration. Articles Income Tax Tue, 01 Sep 2026 08:26:48 +0530 https://www.taxtmi.com/article/detailed?id=17326