IMPORTANT INCOME TAX CASE LAWS 18.02.2026

Relevant Section	Case Law Title	Core Ruling / Summary	Citation
Section 2(47)	Zarir Rustom Joshi v. ITO	[JDA Transfer Date] If a development agreement was registered and full consideration was received in 2000, the transfer is complete. LTCG cannot be re-computed on the final sale deed in 2008 by invoking Section 50C.	Click Here
Section 2(47)	DCIT v. Kemper Holding (P.) Ltd.	[Share Warrants] Conversion of share warrants into equity shares is merely exercising an option. It involves no relinquishment of rights and does not constitute a “transfer” triggering capital gains.	Click Here
Section 11	International Buddhist Confederation v. ITO	[Technicalities vs Relief] Appellate authorities must grant legitimate relief even if an assessee inadvertently misclassifies income (e.g., FD interest as ‘Other Sources’ instead of ‘Trust Income’).	Click Here
Section 11(1)(c)	Jhaverbhai Patel Research Centre v. CIT(E)	Scholarship paid in INR to an Indian citizen for foreign studies is not “providing financial assistance outside India.” It does not violate Section 11(1)(c).	Click Here
Section 56(2)(x)	Nakoda Developers v. DCIT	No addition is permissible if the difference between the revised consideration (via supplementary deed) and the stamp duty value is less than 10%.	Click Here
Section 143(2)	Anupama Chand v. DCIT	[Jurisdictional Void] If a notice u/s 143(2) is served beyond the 12-month statutory limit from the end of the AY, the entire assessment proceeding is vitiated and void ab initio.	Click Here
Section 148	ITO v. Vandana Malhotra (SC)	[Faceless Mandate] Reassessment notices issued by a Jurisdictional AO (JAO) instead of a Faceless Authority u/s 144B are contrary to the Act and are liable to be set aside.	Click Here
Section 270A	GM Modular (P.) Ltd. v. PCIT	Penalty for under-reporting is doubtful if the claim was based on a then-prevailing High Court decision later overruled by the SC. Disclosures with bona fide explanations merit protection.	Click Here

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