87A Fast track method of revision of certain appellate or revisional order from an order of assessment
Notwithstanding anything contrary contained in any other provision of this Act, the application for revision, disputing the amount of net tax, late fees, Penalty or interest for such amount, and for such period, as the State Government may, by notification, specify and which had been preferred under section 87 before the Appellate and Revisional Board for revision of a final appellate or revisional order from an order of assessment and which is pending on the 31st day of March, 2015, before the said board, shall, on and from the date as specified in the said notification, stand transferred to such authority to bhe contituted by the commissioner and the application for revision so transferred shall be disposed of preferably within a period of one year and in such manner as may be prescribed.
Provided that where the commissioner is satisfied that any revision application cannnot be disposed of within the period as stated above, he may, for the reasons to be recorded in writing extend the period till such time as he may deem fit, but not exceeding twelve months from the end of such period.
Provided further that where an application for revision and the records relating thereto have not been transferred to such authority within the 30th day of September, 2012, such application for revision shall be deemed not to have been transferred to such authority and such application shall be disposed of by the Appellate and Revisional Board in accordance with the provisions of section 87 within the 31st day of December, 2014
