| Question And Answer | |
|---|---|
| Subject: | revision procedings u/s 263- assessment |
| Category: | Income-Tax |
| Querist: | Lokesh |
| Answered by: | Advocate Shashi Ashok Bekal |
| Tags: | Revision, Revision of assessment, Revision of orders prejudicial to revenue, validity |
| Date: | February 9, 2022 |
sir,
During assessment proceedings , consequent to revision u/s 263 , the range additional commissioner of income tax has issued directions u/s 144A of the Act, whether the addl commisioner action in issuing directions to the concerned assessing officer is valid in law , he issued letter to the assesse for hearing. further , the additional commissioner of income tax issued letters to the partners of the assessee for hearing . pl guide me and any relevant case law
It would be imperative to peruse through the Order of revision issued under section 263 of the Income-tax Act, 1961. If the Order has directed the Ld. Assessing Officer to make a de novo assessment, then the directions of the Additional commissioner of Income-tax would be valid in law. If there are instructions pertaining to examination of only a specific addition or disallowance, the Additional commissioner of Income-tax issue direction only with respect to the said addition/ disallowance.