Revision of Order by Principal Commissioner or Commissioner Under Section 263 & 264

This 2nd edition of Revision of Orders by Principal Commissioner or Commissioner under Sections 263 & 264, authored by Ram Dutt Sharma, offers a detailed and practical analysis of the revisionary powers vested in income tax authorities under the Income Tax Act, 1961. Updated as amended by the Finance Act, 2022, it explains the legal framework, conditions, procedural aspects, and judicial interpretations relating to the revision of orders by the Principal Commissioner or Commissioner.

The book clearly distinguishes between revision in favour of revenue under Section 263 and revision in favour of the assessee under Section 264, outlining the scope and limitations of each. It integrates statutory provisions with case laws, CBDT instructions, and practical guidance to assist professionals and taxpayers in effectively navigating revision proceedings.

The content covers:

• Legislative intent and scope of Sections 263 and 264

• Conditions precedent for invoking revisionary jurisdiction

• Distinction between “erroneous” and “prejudicial to the interest of revenue”

• Time limits and procedural requirements for revision orders

• Revision applications by the assessee under Section 264 – eligibility and process

• Interaction of revision proceedings with appeals and rectification provisions

• Judicial pronouncements interpreting the scope of revisionary powers

• CBDT circulars, notifications, and relevant guidelines

• Practical compliance tips and defence strategies in revision cases

This edition is particularly suitable for:

• Chartered accountants, tax consultants, and advocates handling revision proceedings

• Corporate tax teams managing departmental review of assessments

• Law and commerce students studying advanced direct tax procedure

• Taxpayers seeking clarity on their rights and obligations under revision provisions

Whether used for compliance, advisory, or litigation purposes, this updated edition serves as an authoritative and practical reference on the revision of orders under Sections 263 and 264 of the Income Tax Act, 1961.