20 January 2014
Can an assessee file a revision petition under section 264, if the revised return to correct an inadvertent error apparent from record in the original return, is filed after the time limit specified under section 139(5) on account of the error coming to the notice of the assessee after the specified time limit?
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If you any type of grievance against the order of your AO, or any type of order passed by the AO which is prejudicial to the interest of the assesses which is time-barred by the provision of the Income-tax Act 1961, however if the time lapse is not more than one year then you can approach the The Commissioner Of Income-Tax in your jurisdiction u/s 264 of the Act.