The rationale behind power of revision of orders prejudicial to the interest of revenue conferred on the Commissioner of Income Tax under section 263 of Income Tax, Act, 1961 is that :

CS Executive · Tax Laws and Practice · PYQS · December 2018
The rationale behind power of revision of orders prejudicial to the interest of revenue conferred on the Commissioner of Income Tax under section 263 of Income Tax, Act, 1961 is that :
(A) the order passed is without inquiries or verification which should have been made
(B) the order is passed allowing any relief without inquiring into the claim
(C) the department has no right of appeal to the Commissioner (Appeals) against any order passed by the Assessing Officer
(D) the order has not been made in accordance with any order, direction or instruction issued by the Board under section 119

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Income Tax Act, 1961

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