IMPORTANT INCOME TAX CASE LAWS 28.02.2026
| Section | Case Law / Advisory | Core Ruling & Strategic Summary | Citation |
| S. 9 (Intl. Tax) | ANZ Banking Group | [Intra-Bank Interest] Interest paid by an Indian branch of a foreign bank to its Head Office/Overseas branches is not taxable in India. | Click Here |
| S. 28(iv) | Mithi Software Tech | [Loan Waiver] Waiver of monetary liability (loans/debentures) does not attract S. 28(iv). S. 41(1) fails if no prior interest deduction was claimed. | Click Here |
| S. 32 | Trent Ltd. | [Slump Sale] Excess consideration over identifiable assets is Goodwill (commercial rights) and is eligible for depreciation. | Click Here |
| S. 32 / 115QA | Aptara Technologies | [Artificial Goodwill] Goodwill created via “share swap” without real business acquisition is a colourable device. Depreciation and Buy-back tax benefits denied. | Click Here |
| S. 37(1) | Bharat Agro Industries | [Ad-hoc Disallowance] Revenue cannot make 10% ad-hoc disallowances on firewood/packing expenses without material evidence to contradict the CIT(A). | Click Here |
| S. 48 / 55 | Biharilal | [Cost Deduction] AO must allow deduction for Cost of Acquisition/Improvement while computing Long-term Capital Gains on property. | Click Here |
| S. 50 | N.K. Gems | [Asset Acquisition] Commercial premises are “acquired” for the Block of Assets once the Registered Agreement is signed and payment made, even without possession. | Click Here |
| S. 54F | Satishchandra Gugale | [Capital Gains] S. 54F allowed if total consideration is invested in a house, even if only a partial deposit was made in the CG Account Scheme. | Click Here |
| S. 57 | Ramavtar | [Land Interest] Interest u/s 28 of Land Acquisition Act is part of the Capital Compensation, not taxable as “Income from Other Sources.” | Click Here |
| S. 68 / 153A | Neena Jain | [Third-party Evidence] Assessment based on third-party search material is void if no incriminating document was found in the assessee’s own possession. | Click Here |
| S. 69 / 143 | Pratibha Singh | [LIC Investment] ₹50L LIC investment treated as unexplained if source (Agri income) is not backed by Mandi receipts/books of accounts. | Click Here |
| S. 80A(5) | 360 One Distribution | [New Claims] Deduction u/s 80-JJAA cannot be claimed for the first time before the CIT(Appeals) if missed in the original Return. | Click Here |
| S. 194LBC | Hebros AHL IFMR | [Securitisation] Interest paid to an originator (non-investor) does not attract TDS u/s 194LBC. | Click Here |
| S. 205 (SC) | Gayatri Snehal Rao | [Direct Demand Bar] AO cannot raise a demand against an employee if the employer deducted TDS but failed to deposit it. | Click Here |
| S. 253 | Udayanath Trust | [Jurisdiction] Appeals filed before a Tribunal Bench lacking geographical jurisdiction are not maintainable. | Click Here |
| Benami Act | Smt. Ranjana Roy | [Immunity] Jewellery attachment quashed as the beneficial owner disclosed purchases under the PMGKY, 2016 scheme. | Click Here |
For More :- Read IMPORTANT INCOME TAX CASE LAWS 26.02.2026