BUSINESS ADMINISTRATION
BUSINESS LAW
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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appeal
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deposition
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discovery
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settlement
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Detailed explanation-1: -A High Court is at liberty to affirm, reverse or modify any judgment, decree or final order appealed from as the justice of the case may require.
Detailed explanation-2: -4. the appellate court has jurisdiction to reverse or affirm the findings of the trial court. The first appeal is a valuable right of the parties and unless restricted by law, the whole case is therein open for rehearing both on questions of fact and law.
Detailed explanation-3: -No revision is possible where the order has been made subject of an appeal to the CIT(A). Revision of the order u/s. 264 cannot be made where an appeal lies to CIT(A) but not made and the assessee has not waived his right of such appeal.
Detailed explanation-4: -Reverse: This means that the Appellate Court decides that the decision of the lower court was wrong. When this happens, the Appellate Court vacates (cancels) the decision of the lower court.