What is Tax to be paid notwithstanding reference, etc? What is Execution for costs awarded by Supreme Court? What is Amendment of assessment on appeal? Section 265, 266 and 267 of Income Tax Act 1961

Tax to be paid notwithstanding reference, etc, Execution for costs awarded by Supreme Court and Amendment of assessment on appeal are defined under section 265, 266 and 267 of Income Tax Act 1961. Provisions under these Sections are:

Section 265 of Income Tax Act "Tax to be paid notwithstanding reference, etc"

265. Notwithstanding that a reference has been made to the High Court or the Supreme Court or an appeal has been preferred to the Supreme Court, tax shall be payable in accordance with the assessment made in the case.

Section 266 of Income Tax Act "Execution for costs awarded by Supreme Court"

266. The High Court may, on petition made for the execution of the order of the Supreme Court in respect of any costs awarded thereby, transmit the order for execution to any court subordinate to the High Court.

Section 267 of Income Tax Act "Amendment of assessment on appeal"

267. Where as a result of an appeal under section 246 or section 246A or section 253, any change is made in the assessment of a body of individuals or an association of persons or a new assessment of a body of individuals or an association of persons is ordered to be made, the Commissioner (Appeals) or the Appellate Tribunal, as the case may be, shall pass an order authorising the Assessing Officer either to amend the assessment made on any member of the body or association or make a fresh assessment on any member of the body or association.