Judgement

ITAT held that revision under section 263 cannot be invoked where the Assessing Officer conducted a detailed inquiry on Section 14A disallowance

Income Tax: Section 263 Revision Invalid Where Assessing Officer Conducted Proper Inquiry

Articles

Pankaj Chaudhary said the government is introducing reforms in the Finance Bill 2026 to speed up income-tax dispute resolution.

121690 Income Tax Dispute pending in courts during last 3 years

ITAT held funtionally different company not comparable to a battery manufacturer; excise exemption claim remanded.

ITAT: Functionally Different Company Cannot Be Treated Comparable In Transfer Pricing

News

The IT Dept has detected large-scale sales suppression in the restaurant sector and launched the Saksham NUDGE campaign, urging 63,000 restaurants to update their tax returns before March 31, 2026.

CBDT Urges 63,000 Restaurants to Update Returns Before March 31 under ‘Saksham NUDGE’ Campaign

ITAT held that where the AO accepted a registered valuer’s FMV after examination, the order cannot be revised under Section 263 merely because the PCIT believes a DVO reference should have been made.

Tribunal Sets Aside Section 263 Revision, Where AO Examined Valuation

The Tribunal held that sale of off-the-shelf software to Indian distributors did not create a dependent agent PE; income not taxable in India.

Explore Our Blogs

Stay updated with the latest insights, tips, and industry trends from our experts

Income Tax: Section 263 Revision Invalid Where Assessing Officer Conducted Proper Inquiry

121690 Income Tax Dispute pending in courts during last 3 years

ITAT: Functionally Different Company Cannot Be Treated Comparable In Transfer Pricing

CBDT Urges 63,000 Restaurants to Update Returns Before March 31 under ‘Saksham NUDGE’ Campaign

Tribunal Sets Aside Section 263 Revision, Where AO Examined Valuation

ITAT: Loan Write Off To Subsidiary Disallowed For Lack Of Commercial Prudence