Powers of revision of CIT u/s264 in case of orders passed u/s 269F(6). - Income Tax - 1713/CBDT

INSTRUCTION NO. 1713/CBDT Dated: May 27, 1986 The question whether a Commissioner of Income-tax can exercise power of revision in terms of Section 264 of I.T Act in cases, where the acquisition orders u/s 269 F(6) have been passed by the Competent Authority with the approval of CIT, has been under consideration of the Board for a long time. On careful consideration it has been decided that the Commissioner of Income-tax in exercise of his powers u/s 264(1) of the Income-tax Act, 1961 cannot revise any order passed by the Competent Authority u/s 269 F(6) with the approval of Commissioner of Income-tax. 2. It is requested that the above mentioned decision may kindly be strictly adhered to.