TMI BlogRevision of orders prejudicial to revenue.X X X X Extracts X X X X X X X X Extracts X X X X ..... . (2) The Commissioner may, after giving the assessee an opportunity of being heard, pass an order (hereinafter referred to as the revision order) as the circumstances of the case justify, if he is satisfied that the order sought to be revised is erroneous in so far as it is prejudicial to the interests of the revenue. (3) The Commissioner may make, or cause to be made, such inquiry as h ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ancial year in which the order sought to be revised was passed. (7) In computing the period of limitation under sub-section (6), the following shall not be included, namely:— (a) the time taken in giving an opportunity to the assessee to be reheard under section 133; or (b) any period during which any proceeding under this section is stayed by an order, or injunction, of any c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... person under this Code, the Income-tax Act, 1961, or the Wealth-tax Act, 1957, as stood before the commencement of this Code; or (ii) a court under any other law; or (e) the order has been made following the order of a jurisdictional High Court but a special leave petition has been granted by the Supreme Court against the said decision of the High Court subsequent to the passi ..... X X X X Extracts X X X X X X X X Extracts X X X X
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