Income-tax Act,1961
Act No : 43
Section :
Amendment of assessment on appeal.
6[267. Amendment of assessment on appeal Where as a result of an appeal under section 246 or section 253, any ---------------------------------------------------------------------- 1 Inserted by the Finance (No. 2) Act, 1977, w.e.f. 10-7-1978. 2 Substituted for "Appellate Assistant Commissioner" by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1988. 4 Inserted by the Finance (No. 2) Act, 1977, w.e.f. 10-7-1978. 5 Substituted for "Appellate Assistant Commissioner " by the Direct Tax Laws (Amendment) Act, 1987,w.e.f. 1-4-1988. 6 Substituted by the Finance Act, 1992, w.e.f. 1-4-1993. Prior to the substitution, section 267 as amended by the Finance (No._2) Act, 1977, w.e.f. 10-7-1978 and Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1988, read as under: "267. Amendment of assessment on appeal.-Where as the result of an appeal under section 246 or section 253, any change is made in the assessment of a firm or a body of individuals or an association of persons or a new assessment of a firm or a -> -> ---------------------------------------------------------------------- 1.732 change is made in the assessment of a body of individuals or an association of persons or a new assessment of a body of individuals or an association of persons is ordered to be made, the Deputy Commissioner (Appeals) or the Commissioner (Appeals) or the Appellate Tribunal, as the case may be, shall pass an order authorising the Assessing Officer either to amend the assessment made on any member of the body or association or make a fresh assessment on any member of the body or association.]
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