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Section 241 - 280 of Income-Tax Act, 1961

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HomeBrud.gifIndian LawBrud.gifActsBrud.gifIncome-Tax Act, 1961Brud.gifSection 241 - 280 of Income-Tax Act, 1961

This Section is in regard to the Income-Tax Act, 1961. Please click on a link below to access the respective section.

  • Section 241: [OMITTED BY THE FINANCE ACT, 2001, W.E.F. 1-6-2001]
  • Section 242: Correctness of assessment not to be questioned
  • Section 243: Interest on delayed refunds
  • Section 244: Interest on refund where no claim is needed
  • Section 244A: Interest on refunds
  • Section 245: Set off of refunds against tax remaining payable
  • Section 245A: Definitions
  • Section 245B: Income-tax Settlement Commission
  • Section 245BA: Jurisdiction and powers of Settlement Commission
  • Section 245BB: Vice-Chairman to act as Chairman or to discharge his functions in certain circumstances
  • Section 245BC: Power of Chairman to transfer cases from one Bench to another
  • Section 245BD: Decision to be by majority
  • Section 245C: Application for settlement of cases
  • Section 245D: Procedure on receipt of an application under section 245C
  • Section 245DD: Power of Settlement Commission to order provisional attachment to protect revenue

245E - Power of Settlement Commission to reopen completed proceedings
245F - Powers and procedure of Settlement Commission
245G - Inspection, etc., of reports
245H - Power of Settlement Commission to grant immunity from prosecution and penalty
245HA - Abatement of proceeding before Settlement Commission
245HAA - Credit for tax paid in case of abatement of proceedings
245I - Order of settlement to be conclusive
245J - Recovery of sums due under order of settlement
245K - Bar on subsequent application for settlement
245L - Proceedings before Settlement Commission to be judicial proceedings
245M - [OMITTED BY THE FINANCE ACT, 1987, W.E.F. 1-6-1987]
245N - Definitions
245O - Authority for advance rulings
245P - Vacancies, etc., not to invalidate proceedings
245Q - Application for advance ruling
245R - Procedure on receipt of application
245RR - Appellate authority not to proceed in certain cases
245S - Applicability of advance ruling
245T - Advance ruling to be void in certain circumstances
245U - Powers of the Authority
245V - Procedure of Authority

246A - Appealable orders before Commissioner (Appeals)

  • Section 247: [OMITTED BY THE FINANCE ACT, 1992, W.E.F. 1-4-1993]
  • Section 248: Appeal by person denying liability to deduct tax in certain cases
  • Section 249: Form of appeal and limitation
  • Section 250: Procedure in appeal
  • Section 251: Powers of the Commissioner (Appeals)
  • 252 - Appellate Tribunal
  • Section 253: Appeals to the Appellate Tribunal
  • 254 - Orders of Appellate Tribunal
  • Section 255: Procedure of Appellate Tribunal
  • Section 256: [OMITTED BY THE NATIONAL TAX TRIBUNAL ACT, 2005, WITH EFFECT FROM A DATE YET TO BE NOTIFIED]
  • Section 257: Statement of case to Supreme Court in certain cases
  • Section 258: [OMITTED BY THE NATIONAL TAX TRIBUNAL ACT, 2005, WITH EFFECT FROM A DATE YET TO BE NOTIFIED]
  • Section 259: [OMITTED BY THE NATIONAL TAX TRIBUNAL ACT, 2005, WITH EFFECT FROM A DATE YET TO BE NOTIFIED]
  • Section 260: Decisions of High Court or Supreme Court on the case stated

260A - Appeal to High Court
260B - Case before High Court to be heard by not less than two Judges

268A - Filing of appeal or application for reference by income-tax authority

  • Section 269: Definition of "High Court"

269A - Definitions
269AB - Registration of certain transactions
269B - Competent authority
269C - Immovable property in respect of which proceedings for acquisition may be taken
269D - Preliminary notice
269E - Objections
269F - Hearing of objections
269G - Appeal against order for acquisition
269H - Appeal to High Court
269I - Vesting of property in Central Government
269J - Compensation
269K - Payment or deposit of compensation
269L - Assistance by Valuation Officers
269M - Powers of competent authority
269N - Rectification of mistakes
269O - Appearance by authorised representative or registered valuer
269P - Statement to be furnished in respect of transfers of immovable property
269Q - Chapter not to apply to transfers to relatives
269R - Properties liable for acquisition under this Chapter not to be acquired under other laws
269RR - Chapter not to apply where transfer of immovable property made after a certain date
269S - Chapter not to extend to State of Jammu and Kashmir
269SS - Mode of taking or accepting certain loans and deposits
269T - Mode of repayment of certain loans or deposits
269TT - Mode of repayment of Special Bearer Bonds, 1991
269U - Commencement of Chapter
269UA - Definitions
269UB - Appropriate authority
269UC - Restrictions on transfer of immovable property
269UD - Order by appropriate authority for purchase by Central Government of immovable property
269UE - Vesting of property in Central Government
269UF - Consideration for purchase of immovable property by Central Government
269UG - Payment or deposit of consideration
269UH - Re-vesting of property in the transferor on failure of payment or deposit of consideration
269UI - Powers of the appropriate authority
269UJ - Rectification of mistakes
269UK - Restrictions on revocation or alteration of certain agreements for the transfer of immovable property or on transfer of certain immovable property
269UL - Restrictions on registration, etc., of documents in respect of transfer of immovable property
269UM - Immunity to transferor against claims of transferee for transfer
269UN - Order of appropriate authority to be final and conclusive
269UO - Chapter not to apply to certain transfers
269UP - Chapter not to apply where transfer of immovable property effected after certain date
270 - [OMITTED BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1987, W.E.F. 1-4-1989]
271 - Failure to furnish returns, comply with notices, concealment of income, etc.
271A - Failure to keep, maintain or retain books of account, documents, etc.
271AA - Penalty for failure to keep and maintain information and document in respect of international transaction
271AAA - Penalty where search has been initiated
271B - Failure to get accounts audited
271BA - Penalty for failure to furnish report under section 92E
271BB - Failure to subscribe to the eligible issue of capital
271C - Penalty for failure to deduct tax at source
271CA - Penalty for failure to collect tax at source
271D - Penalty for failure to comply with the provisions of section 269SS
271E - Penalty for failure to comply with the provisions of section 269T
271F - Penalty for failure to furnish return of income
271FA - Penalty for failure to furnish annual information return
271FB - Penalty for failure to furnish return of fringe benefits
271G - Penalty for failure to furnish information or document under section 92D

  • Section 272: [OMITTED BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1987, W.E.F. 1-4-1989]

272A - Penalty for failure to answer questions, sign statements, furnish information, returns or statements, allow inspections, etc.
272AA - Penalty for failure to comply with the provisions of section 133B
272B - Penalty for failure to comply with the provisions of section 139A
272BB - Penalty for failure to comply with the provisions of section 203A
272BBB - Penalty for failure to comply with the provisions of section 206CA

  • Section 273: False estimate of, or failure to pay, advance tax

273A - Power to reduce or waive penalty, etc., in certain cases
273AA - Power of Commissioner to grant immunity from penalty
273B - Penalty not to be imposed in certain cases

  • Section 274: Procedure
  • Section 275: Bar of limitation for imposing penalties

275A - Contravention of order made under sub-section (3) of section 132
275B - Failure to comply with the provisions of clause (iib) of sub-section (1) of section 132

  • Section 276: Removal, concealment, transfer or delivery of property to thwart tax recovery

276A - Failure to comply with the provisions of sub-sections (1) and (3) of section 178
276AA - [OMITTED BY THE FINANCE ACT, 1986, W.E.F. 1-10-1986]
276AB - Failure to comply with the provisions of sections 269UC, 269UE and 269UL
276B - Failure to pay tax to the credit of Central Government under Chapter XII-D or XVII-B
276BB - Failure to pay the tax collected at source
276C - Wilful attempt to evade tax, etc.
276CC - Failure to furnish returns of income
276CCC - Failure to furnish return of income in search cases
276D - Failure to produce accounts and documents
276DD - [OMITTED BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1987, W.E.F. 1-4-1989]
276E - [OMITTED BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1987, W.E.F. 1-4-1989]

  • Section 277: False statement in verification, etc.

277A - Falsification of books of account or document, etc.

  • Section 278: Abetment of false return, etc.

278A - Punishment for second and subsequent offences
278AA - Punishment not to be imposed in certain cases
278AB - Power of Commissioner to grant immunity from prosecution
278B - Offences by companies
278C - Offences by Hindu undivided families
278D - Presumption as to assets, books of account, etc., in certain cases
278E - Presumption as to culpable mental state

  • Section 279: Prosecution to be at instance of Chief Commissioner or Commissioner

279A - Certain offences to be non-cognizable
279B - Proof of entries in records or documents

  • Section 280: Disclosure of particulars by public servants

280A TO 280X - [OMITTED BY THE FINANCE ACT, 1988, W.E.F. 1-4-1988]
280Y - [OMITTED BY THE FINANCE ACT, 1990, W.E.F. 1-4-1990]
280Z - [OMITTED BY THE FINANCE ACT, 1990, W.E.F. 1-4-1990]
280ZA - [OMITTED BY THE FINANCE ACT, 1987, W.E.F. 1-4-1988]
280ZB - [OMITTED BY THE FINANCE ACT, 1990, W.E.F. 1-4-1990]
280ZC - [OMITTED BY THE FINANCE ACT, 1990, W.E.F. 1-4-1990]
280ZD - [OMITTED BY THE FINANCE ACT, 1990, W.E.F. 1-4-1990]
280ZE - [OMITTED BY THE FINANCE ACT, 1990, W.E.F. 1-4-1990]

Sections of the Indian Income Tax Act, 1961