IMPORTANT INCOME TAX CASE LAWS 30.01.2026

Relevant Act	Section	Case Law Title	Brief Summary	Citation
Income-tax Act, 1961	Section 80-IA(4)	PCIT v. Montecarlo Ltd.	[Developer vs Contractor] Deduction u/s 80-IA(4) is available to an assessee acting as a Developer (assuming financial risk and investment) and not merely executing a Works Contract.	Click Here
Income-tax Act, 1961	Section 68	PCIT v. Neelu Mahansaria	[LTCG Genuineness] LTCG on share sales cannot be treated as unexplained cash credit if the assessee produces complete documents, banking channel proof, and a favorable SEBI inquiry report.	Click Here
Income-tax Act, 1961	Section 80AC / 80P	Chikkamudnoor Milk Producers v. ITO	[Mandatory Deadline] Deduction u/s 80P is strictly barred if the return is filed beyond the due date prescribed u/s 139(1), as per the mandatory provisions of Section 80AC.	Click Here
Income-tax Act, 1961	Section 151	Venkata Prasad Pulipati v. ITO	[Sanction Defect] Reassessment is invalid if approval for a notice issued beyond 3 years is obtained from the Principal Commissioner instead of the “specified authority” mandated u/s 151(ii).	Click Here
Income-tax Act, 1961	Section 270A	Gunmala Jain v. ITO	[Political Donation Withdrawal] Withdrawing a donation claim (Section 80GGC) without a valid explanation (other than “buying peace”) during audit warrants a penalty for misreporting u/s 270A(9).	Click Here