Explain the practical use of some sections

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jinesh (Querist)
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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.

Amol S Joglekar

Amol S Joglekar (Expert)
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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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