Association of persons or body of individuals or artificial juridical person formed for a particular event or purpose - Income Tax Bill, 2025 - Old Version
Association of persons or body of individuals or artificial juridical person formed for a particular event or purpose - Income Tax Bill, 2025 - Old Version
Board authority to regulate appeal filings limits tax authorities but bars acquiescence claims and guides appellate consideration. The provision empowers the Board to issue orders, instructions or directions fixing monetary limits to regulate filing of appeals by income-tax ... Summary
Board authority to regulate appeal filings limits tax authorities but bars acquiescence claims and guides appellate consideration.
The provision empowers the Board to issue orders, instructions or directions fixing monetary limits to regulate filing of appeals by income-tax authorities. Non-filing of an appeal under those directions does not preclude filing on the same issue for other years or other assessees, and an assessee may not claim acquiescence from non-filing. Appellate tribunals or courts must regard the Board's directions and the circumstances of filing or non-filing when hearing such appeals.
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