The scrutiny assessment of M Co. Ltd. was completed on 18th October, 2022 and the assessee has preferred appeal before CIT (Appeals). The Commissioner wants to invoke section 264 of the Income Tax Act, 1961, on suo moto
CS Executive · Tax Laws · PYQS · June 2023
The scrutiny assessment of M Co. Ltd. was completed on 18th October, 2022 and the assessee has preferred appeal before CIT (Appeals). The Commissioner wants to invoke section 264 of the Income Tax Act, 1961, on suo moto basis. What is the time limit within which he can pass the revision order?
Answer & Explanation:
The official key records '*'. This question is excluded from automatic grading because the source does not supply an unambiguous valid choice. Official source note: None of the options are correct as revision is not possible u / s 264 as assessee has filed an appeal before Commissioner (Appeals)
Topics: Income Tax Act, 1961
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