Instruction No.
11/2014, F.No. 279/Misc./M-115/2013-ITJ, dated 16th May, 2014.
Orders passed
under Section 264 of the Income Tax Act - Administrative Supervision – Reg.
Under Section
264 of the Income Tax Act, 1961 (hereinafter referred to as the Act), the Commissioner
of Income Tax (CIT) may, either of his own motion or on an application made by the
assessee, revise an order passed by an authority subordinate to him. The CIT
may, before revising such, order, make enquiry or cause such enquiry to be made
and subject to the provisions of the Act, pass such order which is not
prejudicial to the assessee.
2. The statutory function under section
264 of the Act performed by the CIT is required to be reported by the CIT and
also appraised by the supervisory Officers. Therefore, it has been decided to
issue the following guidelines to be complied forthwith in respect of orders
passed under Section 264 of the Act:-
a)
The
CIT shall prepare a brief of the orders passed under Section 264 of the Act and
report the same to the Principal Chief Commissioner of Income —Tax/ Chief
Commissioner of Income —
Tax (CCIT) in the monthly DO letter
along with a copy of such order.
b) The Pr. CCIT/
CCIT shall report the number of orders passed under section 264 of the Act by
the CsIT under his/her jurisdiction along with his/her observation in relation
to any order, if deemed fit, to the Zonal Member of the CBDT in the monthly DO
letter. The Pr. CCIT/CCIT shall also communicate his/her observation to the
CIT.
3. The above Instruction may be brought to
the knowledge of all concerned.
4. Hindi version
of the Instruction will follow.
.
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