Budget 2024-25: Enhanced Powers of Commissioner (Appeals) to Address Pendency from October 2024

The 2024-25 budget introduces enhanced powers for Commissioners (Appeals) to tackle appeal pendency starting October 2024. Under section 251 of the Act, Commissioners (Appeals) can confirm, reduce, enhance, or annul assessments and penalties. Due to non-responsiveness of taxpayers in best judgement cases, Commissioners (Appeals) can now set aside these assessments and refer them back to the Assessing Officer for a fresh assessment. This change aims to expedite the resolution of disputed tax demands and reduce the backlog of appeals.