ITR
Taxpayer's own revision application under Sec 264
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Facts
Yes. Under Sec 264 (now Sec 378), you can apply to the Commissioner to revise an order, generally within one year of the order, if you have not appealed on the same issue.
Provisions and law
- Sec 264, Income-tax Act 1961 (now Sec 378, Income-tax Act 2025)Commissioner can revise an order on the taxpayer's application, subject to conditions.
Analysis
This route can help where you missed the appeal deadline or a claim was wrongly denied. It cannot be used if an appeal on that order is pending or the appeal time has not expired and you have not waived it. A fee applies. Compare with filing an appeal before choosing.
Conclusion
- Check if an appeal is pending or still possible.
- Decide between appeal and Sec 264.
- Draft the application with reasons and documents.
- File it within one year.
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Revision, Sec 263 (now 377)
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