We use group or representation theory and scattering matrix calculations to derive analytical results for the band structure topology and the scattering parameters, applicable to any chiral photonic crystal with bodycentered-cubic symmetry I 432 for circularly polarized incident light. We demonstrate in particular that all bands along the cubic [100] direction can be identified with the irreducible representations E ± , A, and B of the C 4 point group. E + and E − modes represent the only transmission channels for plane waves with wave vector along the line, and E − and E + are identified as noninteracting transmission channels for right-and left-circularly polarized light, respectively. Scattering matrix calculations provide explicit relationships for the transmission and reflectance amplitudes through a finite slab which guarantee equal transmission rates for both polarizations and vanishing ellipticity below a critical frequency, yet allowing for finite rotation of the polarization plane. All results are verified numerically for the so-called 8-srs geometry, consisting of eight interwoven equal-handed dielectric gyroid networks embedded in air. The combination of vanishing losses, vanishing ellipticity, near-perfect transmission, and optical activity comparable to that of metallic metamaterials makes this geometry an attractive design for nanofabricated photonic materials. Optical properties, such as optical rotation or circular dichroism, that are caused by a chiral structure of a lighttransmitting medium or of its constituent molecules, remain of great interest in many different contexts. Circular dichroism spectroscopy of optically active molecules in solution is used in biochemistry where left-handed (LH) and right-handed (RH) molecular architectures cause different absorption properties for left-circularly polarized (LCP) and right-circularly polarized (RCP) light. 1 Optical activity of natural crystals such as quartz (see, e.g., Ref.2) and of liquid crystals, both in the twisted nematic 3 and the blue phases, 4,5 is well known. Circularly polarized (CP) reflections of insect cuticles were observed by Michelson a century ago, 6 with circular-polarization effects an active topic in biophotonics of beetles, 7,8 crustaceans, 9,10 and butterflies, 11 and also the plant kingdom. 12 Nanofabrication technology nowadays allows for the fabrication of custom-designed chiral materials, both dielectric photonic crystals 13-15 and metallic metamaterials, [16][17][18] with the potential for technological photonic devices. This ability to fabricate custom-designed structures has led to noteworthy chiral-optical behavior, including strong circular dichroism, 19 negative refractive index 20 based on Pendry's prediction, 21 optically induced torque, 22 handedness switching in metamolecules, 23 and circular-polarized beam splitting. 15 Metallic or plasmonic metamaterials have been designed to give strong optical activity 16,18,24,25 that is orders of magnitudes stronger than in the natural materials.This article makes a tw...