Please Help: Income tax
Posted Date : 03-Jan-2012 , 12:58:10 pm | Posted By: CA VIPIN GARG
Category :
Income Tax | Answers :
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Dear Expert, please answer the following URGENT QUERY PLEASE :-
Can the AO review and reduce his own assessment order passed u/s 144 ? Under what section can this be done ??? |
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Answers:
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 Answer by: Mrattunjay |
| only in special case whr identify by any officer in deptt in same sec/ 154
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| Answer by: Ketan Samdani |
| The power to review one's order not only available to AO. in such cases the AO shall approach the CIT if the order is prejudical to interest of revenue. In case the order is prejudical to interest of assessee they can appeal against the said order or approach CIT for revision.
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