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of <h1>Finance Bill 2023 amends section 251 to expand Joint Commissioner's powers in tax assessments and penalties.</h1> Clause 101 of the Finance Bill, 2023, amends section 251 of the Income-tax Act to expand the powers of the Joint Commissioner (Appeals). The amendment updates the section's heading to include the Joint Commissioner (Appeals) alongside the Commissioner (Appeals). A new sub-section (1A) grants the Joint Commissioner authority to confirm, reduce, enhance, or annul assessments, and to confirm, cancel, or vary penalties. Sub-section (2) and the Explanation are also revised to include the Joint Commissioner wherever the Commissioner (Appeals) is mentioned. These changes are effective from April 1, 2023.
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