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Section 255 Amendment: ITAT Single Member Bench Can Now Decide Cases Up To Rs. 50 Lakh, Up From Rs. 15 Lakh Limit.

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....Amendment of section 255. - Power of ITAT single member bench - a single member bench may dispose of a case where the total income as computed by the Assessing Officer does not exceed fifty lakh rupees. [Existing 15 lacs]....

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