The Principal Commissioner of Income-tax is empowered to revise the assessment order of the Assessing Officer when the same is found to be erroneous and pre-judicial to the interest of Revenue. Such power is vested in th

CS Executive · Tax Laws and Practice · PYQS · June 2018
The Principal Commissioner of Income-tax is empowered to revise the assessment order of the Assessing Officer when the same is found to be erroneous and pre-judicial to the interest of Revenue. Such power is vested in the Principal Commissioner of Income-tax u/s :
(A) 263
(B) 246C
(C) 264
(D) Both 263 and 264

Answer & Explanation:

Correct Answer: Option (A)

Official answer key: (A).

Topics: Income Tax Act, 1961

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