IMPORTANT INCOME TAX CASE LAWS 30.12.2025 Relevant Act Section Case Law Title Brief Summary Citation Income-tax Act, 1961 Section 10AA Cummins India Ltd. v. ACIT Denial of SEZ deduction was
IMPORTANT INCOME TAX CASE LAWS 30.12.2025 Relevant Act Section Case Law Title Brief Summary Citation Income-tax Act, 1961 Section 10AA Cummins India Ltd. v. ACIT Denial of SEZ deduction was
Reassessment Proceedings Upheld: Writ Petition Challenging Section 148 Notice Not Maintainable After Participation and Speaking Order Rejection ISSUE Whether a Writ Petition under Article 226 challenging a notice under Section
Transfer Pricing: TPO Cannot Segregate Royalty for Separate Benchmarking if TNMM for Manufacturing Activity was Accepted by HC in Earlier Years ISSUE Whether the Transfer Pricing Officer (TPO) is
Housing Loan Interest Deduction Denied: Bank Statement Insufficient Without Specific Interest Certificate and Sanction Letter ISSUE Whether the Assessing Officer (AO) was justified in disallowing the deduction of interest on
Provision for Interest on State Government Loan Held Allowable u/s 37(1); Liability is ‘Ascertained’ Under Mercantile System Even if Repayment Has Not Commenced ISSUE Whether interest provided in the books
Transfer Pricing: Re-characterization of Software Developer as ‘Contract R&D Provider’ Rejected; BAPA and Past TPO Orders Confirm ‘Software Development’ Status ISSUE Whether the Transfer Pricing Officer (TPO) was justified in
Reassessment Invalid: Notice u/s 148 for AY 2015-16 Issued After April 2021 Held Time-Barred ISSUE Whether a notice under Section 148 for Assessment Year 2015-16, issued after 01-04-2021, is valid
TDS Default Quashed: Rate of 10% (Section 112) Applicable on Purchase of Unlisted Shares from Non-Resident, Not 20% ISSUE Whether an assessee is liable to be treated as an
Addition u/s 56(2)(vii)(b) Deleted: Allotment Letter Treated as Valid ‘Agreement’ for Determining Stamp Duty Value Date ISSUE Whether an Allotment Letter issued by a builder can be treated as
Angel Tax Inapplicable to Subsidiary of Public Company: Deemed ‘Public Company’ Status under Section 2(18) Overrides Private Ltd Status ISSUE Whether a private limited company, which has become a