Explain the practical use of some sections
This query is : Resolved
26 September 2012
Dear Sir,
I want to know some Income Tax Sections in Practical way.how it affects on an assessee and Departments:
1) U/s 253
2) U/s 254
3) u/s 263
4) u/s 264
please explain me in such way that it covers its applicability, exceptions,limitation.
how these sections comes to an assessee practically.
I want to know some Income Tax Sections in Practical way.how it affects on an assessee and Departments:
1) U/s 253
2) U/s 254
3) u/s 263
4) u/s 264
please explain me in such way that it covers its applicability, exceptions,limitation.
how these sections comes to an assessee practically.
Amol S Joglekar
(Expert)
26 September 2012
253 is for those who want to file the appeal against the order of CIT appeals and 254 is for order of tribunal. 264 gives a sort of life time opportunity to assessee to err. 263 gives the previlege to CIT for revising any of the revenue negative order.
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