TMI BlogRevision of orders prejudicial to revenueX X X X Extracts X X X X X X X X Extracts X X X X ..... see an opportunity 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, 18 [ 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. ] . 2 [ Explanation 13 [ 1 ].-For the removal of doubts, it is hereby declared that, for the purposes of this sub-section,- ( a ) an order passed 3 [on or before or after the 1st day of June, 1988] by the Assessing Officer 17 [ or the Transfer Pric ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ction shall extend 9 [and shall be deemed always to have extended] to such matters as had not been considered and decided in such appeal.] 14 [ Explanation 2 .-For the purposes of this section, it is hereby declared that an order passed by the Assessing Officer 17 [ 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 15 [ 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 1-4-1988. 2. Substituted by the Finance Act, 1988, w.e.f. 1-6-1988. Prior to its substitution, Explanation was inserted by the Taxation Laws (Amendment) Act, 1984, w.e.f. 1-10-1984 and amended by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1988. 3. Inserted by the Finance Act, 1989, w.r.e.f. 1-6-1988. 4. Inserted by the Finance (No. 2) Act, 1998, w.e.f. 1-10-1998. 5. Substituted for Deputy by the Finance (No. 2) Act, 1998, w.e.f. 1-10-1998. 6. Substituted for Deputy by the Finance (No. 2) Act, 1998, w.e.f. 1-10-1998. 7. Substituted for includes by the Finance Act, 1989, w.r.e.f. 1-6-1988. 8. Inserted by the Finance Act, 1989, w.r.e.f. 1-6-1988. 9. Inserted by the Finance Act, 1989, w. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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