Petition to PCIT for Revision Under Section 264 — Template

To,
The Principal Commissioner of Income-tax / Commissioner of Income-tax,
[Charge], [City]

Date: [__________]

PAN            : [ABCDE1234F]
Name           : [Name of Assessee]
Assessment Year: [2024-25]
Order sought to be revised: Order u/s [143(3)/143(1)/154] dated [date]
                            passed by the [AO], [Ward/Circle].

Subject: Petition u/s 264 of the Income-tax Act, 1961 for revision of
         the order dated [date] which is prejudicial to the assessee.

Respected Sir/Madam,

1. The assessee filed the return for AY [2024-25] on [date] declaring
   income of ₹[______]. The learned AO passed the order u/s [143(3)]
   dated [date] assessing income at ₹[______], which contains an error
   prejudicial to the assessee as explained below.

2. Grievance: The order suffers from the following mistake/omission:
   [e.g. "A deduction of ₹[______] u/s 80-IA duly claimed and
   substantiated was omitted while computing income" / "TDS credit of
   ₹[______] appearing in Form 26AS was not given" / "Exempt agricultural
   income of ₹[______] was wrongly taxed" / "Relief u/s 90 for foreign
   tax of ₹[______] was not allowed"]. The mistake is apparent from the
   record and the assessee is entitled to relief.

3. The assessee has NOT filed any appeal against the said order before
   the CIT(A)/ITAT, and the time for filing such appeal has expired /
   the assessee waives the right of appeal. Accordingly the order is
   amenable to revision u/s 264. This petition is filed within one year
   from the date on which the order was communicated (i.e. [date]).

4. It is a fit case for exercise of the revisionary power u/s 264(1),
   which is wide enough to grant any relief to which the assessee is
   lawfully entitled, even on a claim not made in the return
   (ref. C. Parikh & Co. v. CIT 122 ITR 610 (Guj); Vijay Gupta v. CIT
   386 ITR 643 (Del)).

5. PRAYER: It is most respectfully prayed that Your Honour may be
   pleased to:
   (a) revise the order u/s [143(3)] dated [date] u/s 264;
   (b) allow the deduction / credit of ₹[______] as claimed;
   (c) direct the AO to recompute the income and refund the excess tax
       of ₹[______] with interest u/s 244A; and
   (d) grant such other relief as deemed fit.

6. The requisite petition fee of ₹500 (u/s 264(5)) has been paid vide
   challan dated [date] (enclosed).

Enclosures:
  1. Copy of the order sought to be revised
  2. Copy of return, computation and Form 26AS/AIS
  3. Evidence of the deduction/credit claimed
  4. Challan for ₹500 fee
  5. Affidavit / waiver of appeal, if required

Thanking you,
Yours faithfully,

[Name / Authorised Representative]
PAN: [ABCDE1234F]
Date: [__________]   Place: [__________]