Section 260 of ITA, 1961 : Section 260: Decision Of High Court Or Supreme Court On The Case Stated

Explanation using Example

Imagine a business owner, Ms. Sharma, disputes the addition of a certain income to her taxable income which was made by the Income Tax Department. She appeals to the Income Tax Appellate Tribunal (ITAT), but the ITAT upholds the Department's decision. Ms. Sharma then appeals to the High Court under section 260A of the Income-tax Act, 1961, challenging the ITAT's decision on specific questions of law.

The High Court hears the case and decides in favor of Ms. Sharma, stating that the ITAT's ...

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