Section 257 of Income Tax Act for AY 2023-24

Section 257 of Income Tax Act 1961 amended by Finance Act 2022 and Income-tax Rules. Statement of case to Supreme Court in certain cases.

Amended and updated notes on section 257 of Income Tax Act 1961 as amended by the Finance Act 2022 and Income-tax Rules, 1962. Detail discussion on provisions and rules related to Statement of case to Supreme Court in certain cases.

Chapter XX (Sections 246 to 269) of the Income Tax Act 1961 deals with the provisions related to appeals and revision . Section 257 of IT Act 1961 provides for Statement of case to Supreme Court in certain cases.

Recently, we have discussed in detail section 256 (Statement of case to the High Court) of IT Act 1961. Today, we learn the provisions of section 257 of Income-tax Act 1961. The amended provision of section 257 is effective for financial year 2022-23 relevant to the assessment year 2023-24.

In this article, you will learn detail of the provisions of section 257 of the Income Tax Act, 1961 Bare Act read with the Income-tax Rules, 1962 as provided by Ministry of Law and Justice, Government of India.

Section-257: Statement of case to Supreme Court in certain cases

If, on an application made against an order made under section 254 before the 1st day of October, 1998, under section 256 the Appellate Tribunal is of the opinion that, on account of a conflict in the decisions of High Courts in respect of any particular question of law, it is expedient that a reference should be made direct to the Supreme Court, the Appellate Tribunal may draw up a statement of the case and refer it through its President direct to the Supreme Court.


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