IMPORTANT INCOME TAX CASE LAWS 24.02.2026

Relevant Section	Case Law Title	Core Ruling & Strategic Summary	Citation
Section 115BAA	Bax India Ventures v. CPC	[Technical Fault] Denying the 22% concessional rate solely because Form 10-IC was filed late (due to portal glitches or inadvertence) is a jurisdictional error. Substantive benefits cannot be denied for procedural lapses.	Click Here
Section 37(1)	BNP Paribas India v. ACIT	[Software Maintenance] Annual maintenance (AMC), database support, and license renewal fees are Revenue Expenditure. No new asset or IP is created; these are period costs deductible u/s 37(1).	Click Here
Section 80G(5)	Arth Foundation v. CIT(E)	[Form 10AB Timeline] Trusts can file for regular approval anytime before the provisional approval expires. The 6-month deadline only applies if activities start after getting provisional approval.	Click Here
Section 37(1)	Namakkal S. India v. ACIT	[Shortage Payments] Payments made to principals for goods shortage during transit (as per contract) are compensatory, not for “violation of law,” and are fully deductible.	Click Here
Section 149	Pawan Sachdeva v. ITO	[Last Day Email] Notice emailed on the last day of limitation is valid. Absence of a real-time alert or inadvertent enclosure of another’s notice are curable defects under Section 292B.	Click Here