Revision petition U/s. 264 cannot be refused for pendency of similar petition for another year

Advocate Akhilesh Kumar Sah Commissioner cannot refuse to entertain a revision petition filed by the assessee under Section 264 of the Act if it is maintainable on the ground that a similar issue has arisen for consideration in another year and is pending adjudication in appeal or another forum. Section 263 of the Income Tax Act, 1961 (`the Act’) deals with revision by Principal Commissioner or Commissioner of orders prejudicial to Revenue and section 264 of the Act deals with the revision of other orders. A recent decision of Delhi High Court is helpful for assessees. In Paradigm Geoph...