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Amendment of section 255. - Power of ITAT single member bench - ...


Section 255 Amendment: ITAT Single Member Bench Can Now Decide Cases Up To Rs. 50 Lakh, Up From Rs. 15 Lakh Limit.

March 2, 2016

Act Rules     Bill

Amendment of section 255. - Power of ITAT single member bench - a single member bench may dispose of a case where the total income as computed by the Assessing Officer does not exceed fifty lakh rupees. [Existing 15 lacs]

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