Revision in Income Tax by CA Vijay Sarda

Pay the

How Sec 263 works? Assessee accept

diff amt
& ass.
Found Prejudicial to interest over
of revenue Sec 263 applies
CIT will revise order Apply to
Check the report Assessee reject ITAT
Did
Give Assessment Not Found Prejudicial to interest u/s 253
Assessment
Report to of revenue
u/s 143(3)/
CIT
144/ 147/
153A/C
Don’t Check the report

AO

Sec 263 - Suo Moto by Dept.

How Sec 264 works? Income always


Max time - 2 years
CIT may
Appeal possible
File ROI Order reduce the Partial Merger
with dept liability

Sec 264 - Suo Moto by Dept or

AO did Assessee feel Application made.
Assessee assessment aggrieved
Income may



u/s 143(3)/ He may choose
144/ 147/ Appeal - Suppose not taken Max time - 1 year
153A/C Revision - Has to opt for Sec 264 No appeal possible
Rectification - Suppose there is no mistake
(Total Merger)

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