Amendment of section 48

For sub-section

1. (6) of section 48 of Principal Act, the following shall be substituted, namely:- "(6) Subject to such procedure as may be prescribed and after such further inquiry as it may think fit.
   • (a) the Appellate Deputy Commissioner shall dispose of every appeal within one calendar year from the date of filling of such appeal. In disposing of such appeal, the Appellate Deputy Commissioner may confirm, reduce, enhance or annul the assessment of tax or imposition of penalty or both but shall not remand the case.
   • (b) the Tribunal may,
     • (i) confirm, reduce, enhance or annul the assessment of tax or imposition of penalty or both; or
     • (ii) set aside the assessment or the imposition of penalty or both and direct the officer whose order of assessment or imposition of penalty has been appealed against to make a fresh assessment or re-impose penalty, after making such enquiry as it may direct; or
     • (iii) pass such order as it may deem fit."