Section 86 - Amendment of section 254 - Finance Act, 1999

86. Amendment of section 254 In section 254 of the Income-tax Act, with effect from the 1st day of June, 1999, - (a) after sub-section (2), the following sub-sections shall be inserted, namely :- (2A) In every appeal, the Appellate Tribunal, where it is possible, may hear and decide such appeal within a period of four years from the end of the financial year in which such appeal is filed under sub-section (1) of section 253. (2B) The cost of any appeal to the Appellate Tribunal shall be at the discretion of that Tribunal. ; (b) in sub-section (4), for the word and figures section 256 , the words, figures and letter section 256 or section 260A shall be substituted.