Section 253 of the Income Tax Act governs appeals to the Income ...

Section 253 amended for appeals to ITAT against tax orders. Includes undisclosed income penalties. Time-limit rationalized.

August 2, 2024

Notes Bill

Section 253 of the Income Tax Act governs appeals to the Income Tax Appellate Tribunal (ITAT) against orders passed by tax authorities. The proposed amendment aims to rationalize the time-limit for filing such appeals. It includes reference to Section 158BFA, enabling appeals against penalty orders related to undisclosed income in search cases. Additionally, it modifies the time-limit for filing appeals, allowing two months from the end of the month in which the order was communicated, aligning with the Faceless Appeal system's daily order uploads. This amendment takes effect from October 1, 2024.

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Section 253 of the Income Tax Act governs appeals to the Income ...

Section 253 amended for appeals to ITAT against tax orders. Includes undisclosed income penalties. Time-limit rationalized.

August 2, 2024

Notes Bill

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