Dismissal of Revision Application u/s 264 of Income Tax Act: Delhi HC directs to obtain Instructions [Read Order]

The Delhi High Court directed to seek instructions on the dismissal of a revision application under Section 264 of the Income Tax Act, 1961. The challenge pertains to an order dated November 2, 2023, where the Principal Commissioner of Income Tax dismissed the application citing limitation and questioning its maintainability. \r

The court, citing Supreme Court precedent, emphasized the significance of Section 143(1) intimations in such revisions. Considering the multiple intimations received by the petitioner, the court requested the respondent's counsel to obtain instructions due to the specific issues raised. \r

Justices Yashwant Varma and Purushaindra Kumar Kaurav presided over the Division Bench hearing.