Block assessment

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Bhaskaran Chackrapani Warrier (Querist)
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11 October 2009 Can a block assessment completed by the Joint Commissioner of Income tax be revised by the CIT under section 263 of the Income tax Act,1961.

CA SANJAY MUKHERJEE

CA SANJAY MUKHERJEE (Expert)
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11 October 2009 Yes. Please see the explation to sec 263

Explanation : For the removal of doubts, it is hereby declared that, for the purposes of this sub-section, - (a) An order passed on or before or after the 1st day of June, 1988 by the Assessing Officer shall include - (i) An order of assessment made by the Assistant Commissioner or Joint Commissioner or the Income-tax Officer on the basis of the directions issued by the Deputy Commissioner under section 144A;

(ii) An order made by the Joint Commissioner in exercise of the powers or in the performance of the functions of an Assessing Officer conferred on, or assigned to, him under the orders or directions issued by the Board or by the Chief Commissioner or Director General or Commissioner authorised by the Board in this behalf under section 120;

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