Section 267 - Amendment of assessment on appeal - Income-tax Act, 1961

1 [Amendment of assessment on appeal. 267. Where as a result of an appeal under section 246 2 [or section 246A] or section 253, any 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, 4 [ the Joint 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.] ---------------- Notes :- 1. Substituted by the Finance Act, 1992, w.e.f. 1-4-1993. Prior to its substitution, section 267 was amended by the Finance (No. 2) Act, 1977, w.e.f. 10-7-1978, the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1988/1-4-1989 and the Direct Tax Laws (Amendment) Act, 1989, w.e.f. 1-4-1989. 2. Inserted by the Finance Act, 2000, w.e.f. 1-6-2000. 3. Words Deputy Commissioner (Appeals) or the omitted by the Finance (No. 2) Act, 1998, w.e.f. 1-10-1998. 4. Substituted vide THE FINANCE ACT, 2023 dated 31-03-2023 w.e.f. 01-04-2023 before it was read as, the 3 [* * *] Commissioner (Appeals)