Home Acts & Rules Bill Bills Finance Bill, 2023 Chapters List Chapter III DIRECT TAXES - Income-tax This
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Clause 101 - Amendment of section 251. - Finance Bill, 2023Extract Amendment of section 251. 101. In section 251 of the Income-tax Act, (i) for the marginal heading, the following marginal heading Powers of the Joint Commissioner (Appeals) or the Commissioner (Appeals) shall be substituted; (ii) after sub-section (1), the following sub-section shall be inserted, namely: (1A) In disposing of an appeal, the Joint Commissioner (Appeals) shall have the following powers- (a) in an appeal against an order of assessment, he may confirm, reduce, enhance or annul the assessment; (b) in an appeal against an order imposing a penalty, he may confirm or cancel such order or vary it so as either to enhance or to reduce the penalty; (c) in any other case, he may pass such orders in the appeal as he thinks fit. ; (iii) in sub-section (2), for the words and brackets Commissioner (Appeals) , the words and brackets Joint Commissioner (Appeals) or the Commissioner (Appeals), as the case may be, shall be substituted; (iv) in the Explanation, (a) for the words and brackets an appeal, the Commissioner (Appeals), , the words and brackets an appeal, the Joint Commissioner (Appeals) or the Commissioner (Appeals), shall be substituted; (b) for the words and brackets raised before the Commissioner (Appeals) , the words and brackets raised before the Joint Commissioner (Appeals) or the Commissioner (Appeals), as the case may be, shall be substituted.
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