From,
………………………………………………
……………………………………………….
Dated …………………………………….
To,
The Commissioner of Income-tax
Circle/Ward ………………………………….
Dear Sir/Madam,
Subject : application for revision under section 264
PAN No ……………………………..
on behalf of Submission of application in the case of ……………Revision of assessment under section 264 for assessment year ………….. I am assessed to tax by the Assessing Officer, ………… My first assessment was for the assessment year ………….. For this year I furnished a return of income voluntarily disclosed total income of Rs. ………….. as under :
| Business income | Rs. ………………………. |
| Income from other sources | Rs. ………………………. |
| Bank interest | Rs. ………………………. |
| Interest on deposit with SAIL | Rs. ………………………. |
| Dividends on units of UTI | Rs. ………………………. |
| Total Income | Rs. ………………………. |
The Assessing Officer finalised the assessment under section 143(1) accepting as correct the income disclosed by me. The assessment order was received by me on ……………..
I have now been advised that bank interest is exempt from income-tax up to a limit of Rs. ……………… and dividend on units is entitled to a further exemption of Rs. …………… I was not aware of this when I furnished the return of income. I shall be grateful if you would kindly revise the assessment made on me for assessment year …………. and reduce my total income by Rs. ………………..
Counterfoil of challan for payment of revision petition fee of Rs. ………………. is enclosed.
Thanking you
Yours faithfully
……………………