Commercial Law and procedure of Filing of Appeals By Ram Dutt Sharma May 2022

Description

Taxpayers, particularly small taxpayers, are still not very well aware of the course of action available to twin in case they do not agree with the decisions of the Income’ Tax Authorities. ‘his book is our first Endeavour to educate the taxpayers about the appellate proceedings under the Income Tax Len-v. One Law Dictionary defines ‘appeal’ as a proceeding taken to rectify an erroneous decision of a court by submitting the question to a higher court or court of appeal. Right to appeal under the Income Tax Law is a creation of statute and is not an inherent right. Appeal can be filed only against orders listed in the Income Tax Act. Income Tax liability is determined at the level of Assessing Officer. When a taxpayer is adversely affected by orders as passed by the Assessing Officer, he can file an appeal before the Commissioner of Income Tax (Appeals) having jurisdiction over the taxpayer. Income Tax Appellate Tribunal is the second appellate channel available for the taxpayers. On substantial questions of law, further appeal can be filed before the High Court and Special Leave Petition can be filed before the Supreme Court. The book lists out the Forms in which Appeals can be filed, how to fill the same, who will sign the Form, authority with whOln appeals should be filed, language to be used in the Forms and fees to be paid etc