Section 264: CIT must Correct Errors by Authorities or Assessees to Provide Relief

Vijay Gupta Vs CIT (Delhi High Court)

Delhi High Court, in the case of Vijay Gupta vs. CIT, addressed the scope of revisional powers under Section 264 of the Income Tax Act. The court reiterated that the Commissioner’s powers under this section are extensive, requiring them to consider whether the assessee was correctly taxed. The use of the phrase “any order” in Section 264 indicates that the power extends beyond correcting errors made by subordinate authorities and can encompass situations where the assessee, due to an error, failed to

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