Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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S.263 of Income Tax Act Can Be Invoked Only in Cases of ‘Lack of Inquiry,’ Not Merely for Inadequate...
Income TaxOther Legal Matters
The Madras High Court has upheld an Assessing Officer's (AO) order, ruling that the revisionary power under Section 263 of the Income Tax Act can be invoked only in cases of "lack of inquiry," not merely for "inadequate inquiry." The court's decision provides a significant victory for the taxpayer. The ruling clarifies that a tax authority cannot revise an assessment for a mere technicality. The court’s decision is a crucial reminder to all tax authorities to follow due process.
