Under Section 246A ITA 1961, APPEAL against an ORDER of the ASSESSING …

Question

Under Section 246A ITA 1961, APPEAL against an ORDER of the ASSESSING OFFICER lies first to the:

Accepted Answer

C.

1. INCOME TAX APPEAL HIERARCHY:
2. (i) COMMISSIONER OF INCOME TAX (APPEALS) — first appellate authority — under Section 246A; appeal within 30 days of order;
3. (ii) INCOME TAX APPELLATE TRIBUNAL (ITAT) — under Section 253 — appeal within 60 days of CIT(A) order;
4. (iii) HIGH COURT — under Section 260A — on substantial questions of law; appeal within 120 days;
5. (iv) SUPREME COURT — under Section 261/Article 136 — on important constitutional or interpretive questions.
6. PARALLEL ROUTES:
7. (i) Section 263 — REVISION by Principal Commissioner (suo motu);
8. (ii) Section 264 — REVISION on application by assessee;
9. (iii) Section 273A — waiver of penalty.
10. Hence option B is correct.
_Source: CS Executive Paper 4 Tax Laws (ICSI BoS) + Income Tax Act 1961 + CGST Act 2017 — Income Tax Act 1961, Sections 246A-264 (Appeals)_