Revision of orders prejudicial to revenue

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....y of being heard and after making or causing to be made such inquiry as he deems necessary, pass such order thereon as the circumstances of the case justify, 21[including,- (i) an order enhancing or modifying the assessment or cancelling the assessment and directing a fresh assessment; or (ii) an order modifying the order under section 92CA; or (iii) an order cancelling the order under section 92CA and directing a fresh order under the said section.] 5[Explanation 16[1]: For the removal of doubts, it is hereby declared that, for the purposes of this sub-section, - (a) an order passed 6[on or before or after the 1st day of June, 1988,] by the Assessing Officer 20A[or the Transfer Pricing Officer, as the case may be,] ....

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....tend 9[and shall be deemed always to have extended] to such matters as had not been considered and decided in such appeal.] 17[Explanation 2.-For the purposes of this section, it is hereby declared that an order passed by the Assessing Officer 20D[or the Transfer Pricing Officer, as the case may be,] shall be deemed to be erroneous in so far as it is prejudicial to the interests of the revenue, if, in the opinion of the Principal 18A[Chief Commissioner or Chief Commissioner or Principal] Commissioner or Commissioner,- (a) the order is passed without making inquiries or verification which should have been made; (b) the order is passed allowing any relief without inquiring into the claim; (c) the order has not been ....

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....nbsp;   *************** NOTES:- 1.  Inserted vide Section 47 of the Taxation Laws (Amendment) Act, 1984 w.e.f. 01-10-1984 2.  Substituted vide Section 47 of the Taxation Laws (Amendment) Act, 1984 w.e.f. 01-10-1984 before it was read as,  "(2) No order shall be made under sub-section (1)- (a) to revise an order of reassessment made under section 147, or (b) after the expiry of two years from the date of the order sought to be revised." 3.  Substituted vide Section 2 of the Direct Tax Laws (Amendment) Act, 1987 w.e.f. 01-04-1988 before it was read as, "Inspecting Assistant Commissioner" 3A.  Substituted vide Section ....

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.....e.f. 01-06-1988 7.  Substituted vide Section 23 of the Finance Act, 1989 w.e.f. 01-06-1988 before it was read as, "includes" 8.  Inserted vide Section 23 of the Finance Act, 1989 w.e.f. 01-06-1988 9.  Inserted vide Section 23 of the Finance Act, 1989 w.e.f. 01-06-1988 10.  Substituted vide Section 3 of the Finance (No. 2) Act, 1998 w.e.f. 01-10-1998 before it was read as, "Assistant Commissioner" 11.  Substituted vide Section 3 of the Finance (No. 2) Act, 1998 w.e.f. 01-10-1998 before it was read as, "Deputy Commissioner" 11A. Substituted vide Section 3 of the Finance (No. 2)....

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.....  Inserted vide Section 4 of the The Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020 w.e.f. 01-11-2020 18A. Inserted vide Section 4 of the The Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020 w.e.f. 01-11-2020 19.  Substituted vide Section 87 of the Finance Act, 2021 w.e.f. 01-11-2020 before it was read as, "Principal Commissioner" 20.  Inserted vide Section 73 of the Finance Act, 2022 w.e.f. 01-04-2022 20A. Inserted vide Section 73 of the Finance Act, 2022 w.e.f. 01-04-2022 20B. Inserted vide Section 73 of the Finance Act, 2022 w.e.f. 01-04-2022 20C. Inserted vide Section 73 of the&nb....