Tax Demand Inconsequential After Section 10(46) Exemption Notification: Calcutta HC

West Bengal Building & Other Vs Central Board of Direct Taxes & Ors. (Calcutta High Court)

The Calcutta High Court disposed of the writ petition after recording that the core controversy stood conclusively resolved by a subsequent notification issued by the Central Government. During the proceedings, the Revenue placed on record a notification dated 14 January 2026 issued by the Ministry of Finance, Department of Revenue (Central Board of Direct Taxes), in exercise of powers under section 10(46) of the Income-tax Act, 1961.

The notification expressly

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