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TypeBare Act JurisdictionCentral Government

Finance Act, 1992 Section 86

Substitution of New Section for Section 267

~1 min read
https://sooperkanoon.com/act/440817

Bare act section · Research

About this section

Finance Act, 1992 Section 86 is part of Finance Act, 1992 - Substitution of New Section for Section 267. Read the section text below and explore Indian court judgments that cite it.

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Section Text

For section 267 of the Income-tax Act, the following section shall be substituted with effect from the 1st day of April, 1993, namely :-

"267. Amendment of assessment on appeal. - Where as a result of an appeal under section 246 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, 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.".

Frequently asked questions

What does Finance Act, 1992 Section 86 provide?

Section Section 86 of the Finance Act, 1992 (Substitution of New Section for Section 267) is reproduced on this page as part of the Finance Act, 1992. Lawyers and researchers use it to read the statutory wording before checking how courts have applied this section in reported judgments.

How do I find judgments on Finance Act, 1992 Section 86?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Finance Act, 1992 Section 86. Advanced act search can narrow results by court, year, or additional act filters.

Is the section text on SooperKanoon official?

SooperKanoon hosts bare act text for research and quick reference. For filings or compliance in Central, confirm the wording against the official state gazette or authorized publication.

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