Revisionary Powers Cannot Be Invoked on an Incorrect Assumption: Madras HC Slams IT Dept for Treating Demerger as Amalgamation High CourtLatest news Revisionary Powers Cannot Be Invoked on an Incorrect Assumption: Madras HC Slams IT Dept for Treating Demerger as Amalgamation The Madras High Court held that Section 263 revisionary powers cannot be exercised by misclassifying a demerger as an amalgamation. A Division Bench dismissed the Revenue’s appeal, upholding the ITAT ruling in Tax Case Appeal No. 602 of 2013. Share this: Share on X (Opens in new window) X Share on Facebook (Opens in new window) Facebook Like this:Like Loading... By Satyajeet Barik 9 January 2026, 5:40 PM9 January 2026, 5:40 PM
