Section 268A of Income Tax Act for AY 2023-24

Section 268A of Income Tax Act amended by Finance Act and IT Rules. Filing of appeal or application for reference by income-tax authority.

Amended and updated notes on section 268A 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 Filing of appeal or application for reference by income-tax authority.

Chapter XX (Sections 246 to 269) of the Income Tax Act 1961 deals with the provisions related to appeals and revision . Section 268A of IT Act 1961 provides for Filing of appeal or application for reference by income-tax authority.

Recently, we have discussed in detail section 268 (Exclusion of time taken for copy) of IT Act 1961. Today, we learn the provisions of section 268A of Income-tax Act 1961. The amended provision of section 268A is effective for financial year 2020-21 relevant to the assessment year 2021-22.

In this article, you will learn detail of the provisions of section 268A 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-268A: Filing of appeal or application for reference by income-tax authority

Section 268A(1) of Income Tax Act

The Board may, from time to time, issue orders, instructions or directions to other income-tax authorities, fixing such monetary limits as it may deem fit, for the purpose of regulating filing of appeal or application for reference by any income-tax authority under the provisions of this Chapter.

Section 268A(2) of Income Tax Act

Where, in pursuance of the orders, instructions or directions issued under sub-section (1), an income-tax authority has not filed any appeal or application for reference on any issue in the case of an assessee for any assessment year, it shall not preclude such authority from filing an appeal or application for reference on the same issue in the case of—

  • (a) the same assessee for any other assessment year; or
  • (b) any other assessee for the same or any other assessment year.

Section 268A(3) of Income Tax Act

Notwithstanding that no appeal or application for reference has been filed by an income-tax authority pursuant to the orders or instructions or directions issued under sub-section (1), it shall not be lawful for an assessee, being a party in any appeal or reference, to contend that the income-tax authority has acquiesced in the decision on the disputed issue by not filing an appeal or application for reference in any case.

Section 268A(4) of Income Tax Act

The Appellate Tribunal or Court, hearing such appeal or reference, shall have regard to the orders, instructions or directions issued under sub-section (1) and the circumstances under which such appeal or application for reference was filed or not filed in respect of any case.

Section 268A(5) of Income Tax Act

Every order, instruction or direction which has been issued by the Board fixing monetary limits for filing an appeal or application for reference shall be deemed to have been issued under sub-section (1) and the provisions of sub-sections (2), (3) and (4) shall apply accordingly.


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