09 July 2024
Filing a revision petition under section 264 of the Income Tax Act, 1961 allows taxpayers to request a revision of an assessment order if they believe it is erroneous and prejudicial to their interests. Here’s a step-by-step procedure for filing an online revision of assessment order under section 264:
### Step-by-Step Procedure:
1. **Login to e-Filing Portal:** - Visit the Income Tax e-Filing Portal (https://www.incometaxindiaefiling.gov.in). - Log in using your credentials (User ID, Password, and CAPTCHA code).
2. **Navigate to e-File:** - After logging in, go to the 'e-File' tab on the dashboard.
3. **Select 'Rectification (u/s 264)' Option:** - Under the 'e-File' tab, select 'Rectification (u/s 264)'.
4. **Details of the Application:** - Enter the relevant details required for filing the revision application under section 264. This includes: - PAN (Permanent Account Number). - Assessment Year for which the revision is sought. - Communication Reference Number (if any) of the original assessment order. - Reasons for seeking revision (errors or issues in the assessment order).
5. **Upload Supporting Documents:** - Upload necessary documents supporting your claim for revision. These may include: - Copies of the original assessment order. - Copies of relevant tax computation sheets. - Any other documents that substantiate your claim.
**Submit the Application:** - After filling in the required details and uploading documents, submit the revision application electronically.
**Acknowledgment and Reference Number:** - Upon successful submission, you will receive an acknowledgment containing a unique acknowledgment number. - This reference number is important for tracking the status of your revision application.
**Follow-Up and Communication:** - Keep track of your application status regularly on the e-Filing portal. - Respond promptly to any queries or requests for additional information from the Income Tax Department.
**Processing and Outcome:** - The Income Tax Department will review your application and may issue a revised assessment order based on the merits of your case. - If approved, you will receive a revised assessment order. - If rejected, you will receive a communication explaining the reasons for rejection.
### Points to Note: - Ensure all information provided is accurate and supported by relevant documents. - Maintain a record of all communications and documents related to the revision application. - Seek assistance from a tax professional or consultant if needed, especially for complex cases.
By following this procedure diligently, you can file for a revision of assessment under section 264 of the Income Tax Act effectively through the online e-Filing portal.
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