Regarding set aside

Old let me know, Can CIT set aside u/s 264 of income tax.
Replies (2)
Quick Summary
This discussion clarifies that a CIT (Commissioner of Income Tax) cannot set aside an order under Section 264 of the Income Tax Act. While a CIT(A) (CIT Appeals) can refuse to interfere, only the ITAT (Income Tax Appellate Tribunal) has the power to set aside an order. It's important to note that orders under Section 264 are not appealable, and individuals have a one-time opportunity to choose between an appeal or revision under Section 264.

NO CIT(A) can not set a side the order but he can decline / refuse to interfere 

 

Important :

1. ITAT has to power to set aside the order 

2. Order u/s 264 is not appeal able .

assessee has once in lifetime opportunity to go u/s 264 

either go for appeal or revision u/s 264 

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