Section 52 - Amendment of section 253 - Finance (No. 2) Act, 1998

52. Amendment of section 253 In section 253 of the Income-tax Act, with effect from the 1st day of October, 1998.- (a) in sub-section (1), in clause (a), after the words and brackets Deputy Commissioner (Appeals) , the words, figures and letters before the 1st day of October, 1998 shall be inserted; (b) in sub-section (2), in clause (a), after the words and brackets Deputy Commissioner (Appeals) , the words, figures and letters before the 1st day of October, 1998 shall be inserted; (c) for sub-section (6), the following sub-sections shall be substituted, namely:- (6) An appeal to the Appellate Tribunal shall be in the prescribed from and shall be verified in the prescribed manner and shall, in the case of an appeal made, on or after the 1st day of October, 1998, irrespective of the date of initiation of the assessment proceedings relating thereto, the accompanied by a fee of,- (a) where the total income of the assessee as computed by the Assessing Officer, in the case to which the appeal relates, is one hundred thousand rupees or less, five hundred rupees, (b) where the total income of the assessee, computed as aforesaid, in the case to which the appeal relates is more than one hundred thousand rupees but not more than two hundred thousand rupees, one thousand five hundred rupees, (c) where the total income of the assessee, computed as aforesaid, in the case to which the appeal relates is more than two hundred thousand rupees, one per cent of the assessed income, subject to a maximum of ten thousand rupees: Provided that no such fee shall be payable in the case of an appeal referred to in sub-section (2) or a memorandum of cross-objections referred to in sub-section (4). (7) An application for stay of demand shall be accompanied by a fee of five hundred rupees .