(I) in section 86, in sub-section (5), for the word, brackets and figure “sub-section (3)”, the words, brackets and figures “sub-section (1) or sub-section (3)” shall be substituted;
Notes on Clauses:
Sub-clause (I) seeks to amend sub-section (5) of section 86 of the said Chapter to empower the tribunal to condone the delay in filing appeal or cross objection by the assessee also.
