Section 371 Income Tax Act 2025 Amendment of assessment on appeal. 371. If as a result of an appeal under section 356 or 357 or 362, any change is made in the assessment of a body of individuals or an association of persons, or a new assessment is directed in such cases, the Joint Commissioner (Appeals) or the Commissioner (Appeals) or… Read More »
Section 373 Income Tax Act 2025 Filing of appeal by income-tax authority. 373. (1) The Board may, from time to time, issue orders, instructions or directions to other income-tax authorities, fixing such monetary limits as it may deem fit, for the purpose of regulating filing of appeal by any income-tax authority under the provisions of this… Read More »
Section 369 Income Tax Act 2025 5. -General Tax to be paid irrespective of appeal, etc. 369. Irrespective of the fact that an appeal has been preferred to the High Court or the Supreme Court, tax shall be payable as per the assessment made in the case.
Section 368 Income Tax Act 2025 Hearing before Supreme Court. 368. (1) The provisions of the Code of Civil Procedure, 1908 (5 of 1908), relating to appeals to the Supreme Court shall, so far as may be, apply in the case of appeals under section 367 as they apply in the case of appeals from decrees of a… Read More »
Section 367 Income Tax Act 2025 4. -Appeals to Supreme Court Appeal to Supreme Court. 367. An appeal shall lie to the Supreme Court from any judgment of the High Court delivered on an appeal made to High Court in respect of an order passed under section 363 in any case which the High Court certifies to be… Read More »
Section 440 Income Tax Act 2025 Immunity from imposition of penalty, etc. 440. (1) An assessee may make an application to the Assessing Officer for granting immunity from penalty under section 439 and initiation of proceedings under section 478 or section 479, if— (a) the tax and interest payable as per the order of assessment or reassessment under section 270(10) or section 279, has… Read More »
Section 439 Income Tax Act 2025 CHAPTER XXI PENALTIES Penalty for under-reporting and misreporting of income. 439. (1) The Competent Authority may, during the course of any proceedings under this Act, impose penalty on any person who has under-reported his income and such penalty shall be payable in addition to tax, if any. (2) A person… Read More »
Section 438 Income Tax Act 2025 Set off and withholding of refunds in certain cases. 438 . (1) Where a refund becomes due or is found to be due to any person under this Act, the Assessing Officer or Commissioner or Principal Commissioner or Chief Commissioner or Principal Chief Commissioner, as the case may be, may in… Read More »
Section 436 Income Tax Act 2025 Correctness of assessment not to be questioned. 436. In a claim under this Chapter, it shall not be open to the assessee to question the correctness of any assessment, or other matter decided which has become final and conclusive, or ask for a review of the aforesaid assessment or matter;… Read More »
Section 434 Income Tax Act 2025 Refund for denying liability to deduct tax in certain cases. 434. (1) Where,— (a) under an agreement or other arrangement, in writing, the tax deductible on any income, other than interest in section 393(2) (Table: Sl. No. 17), is to be borne by the person by whom the income is payable; and… Read More »