Revocation of Probate Application Barred by Limitation if Parties Ignore Earlier Notice of Property Proceedings: Supreme Court

The Supreme Court held that probate revocation pleas under Section 263 of the Indian Succession Act are subject to limitation under Article 137 of the Limitation Act, ruling that parties cannot avoid statutory deadlines by ignoring constructive notice or failing to investigate facts a prudent person would examine.

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.