Section 258 of Income Tax Act for AY 2023-24

Section 258 of Income Tax Act 1961 amended by Finance Act and Income-tax Rules. Power of HC or SC to require statement to be amended.

Amended and updated notes on section 258 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 Power of High Court or Supreme Court to require statement to be amended.

Chapter XX (Sections 246 to 269) of the Income Tax Act 1961 deals with the provisions related to appeals and revision . Section 258 of IT Act 1961 provides for Power of High Court or Supreme Court to require statement to be amended.

Recently, we have discussed in detail section 257 (Statement of case to Supreme Court in certain cases) of IT Act 1961. Today, we learn the provisions of section 258 of Income-tax Act 1961. The amended provision of section 258 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 258 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-258: Power of High Court or Supreme Court to require statement to be amended

If the High Court or the Supreme Court is not satisfied that the statements in a case referred to it are sufficient to enable it to determine the questions raised thereby, the Court may refer the case back to the Appellate Tribunal for the purpose of making such additions thereto or alterations therein as it may direct in that behalf.


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