Amendment status not verified — confirm the current text below against the official source.
(l) Subiect to the provisions of section 121 ond ony rules mode thereunder, the Revisionol Authority moy, on his own motion, or upon informotion received by him or on request Powers of Revisionol Authority. 252 from the Commissioner of centrol tox, coll for ond exomine the record of ony proceedings, ond i{ he considers thot ony decision or order possed under this Act or under the Centrol Goods ond Services Tox Act by ony officer subordinote to him is erroneous in so for os it is prejudiciol to the interest of revenue ond is illegol or improper or hos nottoken into occount certoin moteriol focts, whether ovoiloble ot the time o{ issuonce ofthe soid order or not or in consequence of on obser- votion by the Comptroller ond Auditor Generol of lndio, he moy, il necessory stoy the operotion of such decision or order for such period os he deems fit ond ofter giving llre person concerned on opportunity of being heord ond ofter moking such further inquiry os moy be necessory poss such order, os he thinks just ond proper, including enhoncing or modifying or onnulling the soid decision or order. (2) The Revisionol Authority sholl not exercise ony power under sub- section (1), if-- (o) the order hos been subject to on oppeol under section 1 07 or section I I 2 or sec- tion 117 or section 118; or (b) the period specified under sub-section (2) of section 107 hos not yet expired or more thon three yeors hove expired ofter the possing of the decision or order sought to be revised ; or 253 (c) the order hos olreody been token for revision under this section ot on eorlier stoge ; or (d) the order hos been possed in exercise of the powers under sub-section (l ): Provided thot the Revisionol Authority moy poss on order under sub-section (l ) on ony pointwhich hos not been roised ond decided in on oppeol referred to in clouse (o) of sub- section (2), be{ore the expiry of o period of one yeorfrom the dote of the order in such oppeol or before the expiry of o period of three yeors referred to in clouse (b) ol thot sub- sedion, whichever is loter. (3) Every order possed in revision under sub-section (l ) sholl, subject to the provisions of section ll3 or section ll7 or section I 1 8, be finol ond binding on the porties. (4) lf the soid decision or order involves on issue on which the Appellote Tribunol or the High Court hos given its decision in some other proceedings ond on oppeol to the High Court or the Supreme Court ogoinst such decision ol theAppellote Tribunol or the High Court is pending, the period spent between the dote ol the decision of the Appellote Tribunol ond the dote of the decision of the High Court or the dote of the decision of the High Courtond he dote ofthe decision of the Supreme Court sholl be excluded in computing the period (s)