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Supreme Court restricts scope of Revision under Section 264 denying admissibility of claim not made in the return September 14, 2026
Published in: TaxBuzz
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We are pleased to share with you a copy of our in-house publication – “TaxBuzz”, wherein we have analysed the recent ruling of the Supreme Court in the case of Om Siddhakala Associates. The Supreme Court in the said ruling, has decided an important question relating to the interpretation, scope and purport of revision under section 264 of the Income Tax Act, 1961.
The said ruling is likely to have a significant impact on the cases wherein the power of revision under section 264 has been resorted to by the assessees in order to advance an additional/ fresh claim not made in the return of income, and thus, requires attention of all such assessees.
We trust that you will find this TaxBuzz informative and insightful. As always, we look forward to receiving your valuable feedback.
For any details and clarifications, please feel free to write to:
Mr. Rohit Jain, Senior Partner ([email protected])
Mr. Aniket D Agrawal, Partner ([email protected])
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