Time to define Discretionary powers of Income Tax Authorities

Advocate Akhilesh Kumar Sah TIME FOR ADAPTING NECESSARY CHANGES, DEFINING OF DISCRETIONARY POWERS OF AUTHORITIES AS WELL AS RECODIFICATION OF THE INCOME TAX ACT, 1961 & INCOME TAX RULES, 1962 Time has come, now, for removing practical difficulties to assessees in the working of Income Tax. For this suitable amendments can be made in the Income Tax Act & Rules thereunder. The monetary limits can be increased for pursuing appeals by Department of Income Tax and defining of the substantial question of law at different levels may be done. Recently, in Maharao Bhim Singh of Kota vs. CIT, ...