TaxTMI 
TaxTMI 
Question - What the propose in Finance Bill 2015 regarding the powers of single member bench of ITAT?
Raising the income-limit of the cases that may be decided by single member bench of ITAT
28 Feb 2015 
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Single member bench income limit increased, expanding eligible taxpayer cases for single-member disposition by Finance Bill amendment
An amendment in the Finance Bill, 2015 proposes revising sub section (3) of section 255 to raise the monetary threshold for cases that a single member bench of the Income tax Appellate Tribunal may dispose of, increasing the income limit previously set in 1998 and thereby expanding the class of cases eligible for single member disposition, with the amendment to commence in mid 2015. (AI Summary)
An amendment in the Finance Bill, 2015 proposes revising sub section (3) of section 255 to raise the monetary threshold for cases that a single member bench of the Income tax Appellate Tribunal may dispose of, increasing the income limit previously set in 1998 and thereby expanding the class of cases eligible for single member disposition, with the amendment to commence in mid 2015. (AI Summary)