Pros and Cons of Proposed new sub-section 255 of the income tax act in Budget 2021

CA Dolly Sharma , Last updated: 26 February 2021  
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The idea of Scheme for Faceless Proceedings before ITAT announced by Finance Minister Smt. Nirmala Sitharaman brings into light a new subsection (7) to Section 255of the Income Tax Act, 1961 in the Finance Bill 2021 w.e.f. 1.4.2021. This article showcases the reality of Section 255(7) with the help

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CA Dolly Sharma
(SELF EMPLOYED)
Category Union Budget   Report

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