TaxTMI 
TaxTMI 
Orders of Appellate Tribunal
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....t of enhancing an assessment or reducing a refund or otherwise increasing the liability of the assessee, shall not be made under this sub-section unless the Appellate Tribunal has given notice to the assessee of its intention to do so and has allowed the assessee a reasonable opportunity of being heard : ^3[Provided further that any application filed by the assessee in this sub-section on or after the 1st day of October, 1998, shall be accompanied by a fee of fifty rupees.] ^4[(2A) In every appeal, the Appellate Tribunal, where it is possible, may hear and decide such appeal within a period of four years from the end of the financial year in which such appeal is filed under sub-section (1) ^5[or sub-section (2) ^13[****]] of section 2....
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....iod or periods extended or allowed under the second proviso, which shall not, in any case, exceed three hundred and sixty-five days, the order of stay shall stand vacated after the expiry of such period or periods, even if the delay in disposing of the appeal is not attributable to the assessee] (2B) The cost of any appeal to the Appellate Tribunal shall be at the discretion of that Tribunal.] (3) The Appellate Tribunal shall send a copy of any orders passed under this section to the assessee and to the ^7[^8[****] ^11A[Principal Commissioner or Commissioner]]. ^16[(3A) For the purposes of sub-section (3), where any order is passed under this section on or after the 1st day of October, 2026, the Appellate Tribunal shall send a copy....
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....ovided further that if there is a difference of opinion between the two valuers, the matter shall be referred to a third valuer nominated by agreement, or failing agreement, by the Appellate Tribunal and the decision of that valuer on the question of valuation shall be final. (b) The valuers to whom a reference under this sub-section has been made by the Appellate Tribunal shall communicate their decision to the Appellate Tribunal within six months of the date of such reference or within such further time as that Tribunal may allow: Provided that if the decision of the valuers is not communicated within the period aforesaid, the Appellate Tribunal may order that the reference made under tills sub-section shall be deemed to....
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....e Estate Duty Act, 1953 (34 of 1953).'," Earlier, Inserted vide Section 39 of the Finance Act, 1964 w.e.f. 01-04-1964 2. Substituted vide Section 2 of the Direct Tax Laws (Amendment) Act, 1987 w.e.f. 01-04-1988 before it was read as, "Income-tax" 3. Inserted vide Section 53 of the Finance (No. 2) Act, 1998 w.e.f. 01-10-1998 4. Inserted vide Section 86 of the Finance Act, 1999 w.e.f. 01-06-1999 5. Inserted vide Section 68 of the Finance Act, 2000 w.e.f. 01-06-2000 6. Substituted vide Section 75 of the Finance Act, 2007 w.e.f. 01-06-2007 before it was read as, "Provided that where an order of stay is made in any proceedings relating to an appeal filed under sub-....