Answer

1. F

   Facts

   A revision order must be passed within 2 years from the end of the financial year in which the assessment order was passed. Some periods, like a court stay, are excluded.

2. P

   Provisions and law

   • Sec 263, Income-tax Act 1961 (now Sec 377, Income-tax Act 2025)The Principal Commissioner or Commissioner can revise an assessment order that is erroneous and prejudicial to revenue, after giving a hearing, within 2 years from the end of the financial year of the order.
3. A

   Analysis

   Say your assessment order was passed in December 2023, which is FY 2023-24 ending 31 March 2024. The revision order would have to be passed by 31 March 2026. A revision order after that, without a valid exclusion, can be challenged as time-barred. Note the dates in your reply and keep the point alive for appeal.

4. C

   Conclusion

   1. 1Find the date of the assessment order.
   2. 2Work out the end of that financial year plus 2 years.
   3. 3Check if any exclusion like a court stay applies.
   4. 4Raise the time bar in your reply and appeal if the order is late.

General guidance from TaxSavvy’s library of money processes. Laws change; your Savvy confirms the answer on your exact case before anything is filed.