Section 246A of ITA, 1961 : Section 246A: Appealable Orders Before Commissioner (Appeals)

ITA, 1961

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Explanation using Example

Imagine a scenario where a small business owner, Mr. Sharma, receives an order from the Income Tax Department stating that there has been an underreporting of income and consequently, an additional tax demand has been raised. The order was issued after a reassessment under section 147 of the Income-tax Act, 1961. Mr. Sharma believes that all his income was reported correctly and the reassessment is based on a misunderstanding of his business transactions.

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