HCs GET BACK POWER TO HEAR LATE IT APPEALS
The amendments brought in the Finance Bill has empowered the Income Tax (IT) department to file
about 12,000 appeals involving several thousand crores of rupees before the high courts, nullifying an earlier ruling by the Supreme Court. Two years ago, the apex court held that the high courts did not have powers to condone delays in filing appeals. HCs have been given powers to condone delays in filing appeals as per the section 260A of the IT Act. The amendment will be effected retrospectively from October 1998.
about 12,000 appeals involving several thousand crores of rupees before the high courts, nullifying an earlier ruling by the Supreme Court. Two years ago, the apex court held that the high courts did not have powers to condone delays in filing appeals. HCs have been given powers to condone delays in filing appeals as per the section 260A of the IT Act. The amendment will be effected retrospectively from October 1998.
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