Section 261 of Income Tax Act for AY 2023-24

Section 261 of Income Tax Act 1961 as amended by the Finance Act 2022 and Income-tax Rules, 1962. Appeal to Supreme Court.

Amended and updated notes on section 261 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 Appeal to Supreme Court.

Chapter XX (Sections 246 to 269) of the Income Tax Act 1961 deals with the provisions related to appeals and revision . Section 261 of IT Act 1961 provides for Appeal to Supreme Court.

Recently, we have discussed in detail section 260B (Case before High Court to be heard by not less than two Judges) of IT Act 1961. Today, we learn the provisions of section 261 of Income-tax Act 1961. The amended provision of section 261 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 261 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-261: Appeal to Supreme Court

An appeal shall lie to the Supreme Court from any judgment of the High Court delivered before the establishment of the National Tax Tribunal on a reference made under section 256 against an order made under section 254 before the 1st day of October, 1998 or an appeal made to High Court in respect of an order passed under section 254 on or after that date in any case which the High Court certifies to be a fit one for appeal to the Supreme Court.

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