Revision

Tax200034 sections

Statutory text

(1) The Commissioner may, either suo motu or on an application made to him, call for and examine the record of the assessing authority or, as the case may be, of the appellate authority in respect of any proceeding to satisfy himself as to the regularity of any such proceeding or the correctness, legality or propriety of any decision taken or order passed therein and may pass such order thereon as he deems fit.
(2) No application under sub-section
(1) shall be entertained if it is not made within a period of four months from the date of receipt of the order and unless it is accompanied by a fee calculated at the rate of two percentum of the tax, penalty or interest, under dispute subject to a minimum of rupees one hundred and a maximum of rupees two thousand.
(3) The powers of revision shall be exercised within a period not exceeding five years from the date on which the order was served on the assessee.
(4) No order which adversely affects any assessee shall be passed under this section, unless such assessee has been given a reasonable opportunity of being heard.
(5) Where the Commissioner rejects any application for revision under this section, he shall record the reasons for such rejection.

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