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of <h1>Finance (No. 2) Act 1977 updates tax appeals, establishing Commissioner (Appeals) powers under multiple tax laws</h1> The Finance (No. 2) Act, 1977 introduces comprehensive amendments across multiple tax statutes, notably incorporating the role of 'Commissioner (Appeals)' in place of or alongside the former 'Appellate Assistant Commissioner.' It defines the Commissioner (Appeals) as an appointed authority empowered to perform appellate functions in income tax, wealth tax, gift tax, companies' profits surtax, and interest tax laws. The amendments clarify jurisdiction, procedural powers, and the transfer of pending appeals to the Commissioner (Appeals). They also expand the scope of appeals against assessment orders, penalties, and other decisions made by Inspecting Assistant Commissioners or tax officers, enabling appeals to the Commissioner (Appeals). The Act provides for the Board to allocate work among Commissioners (Appeals) and standardizes references to this office throughout the relevant tax legislation, enhancing the appellate framework and streamlining tax dispute resolution processes.
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