IMPORTANT INCOME TAX CASE LAWS 11.03.2026
| Relevant Act | Section | Case Law Title / Authority | Brief Summary | Citation |
| PBPT Act, 1988 | Sec 2(9)(A) & 24 | Smt. Radhamani A. v. ACIT | Attachment is sustainable even if beneficial owners aren’t fully identified, provided the “benamidar” fails to prove a lawful source of funds. | Click Here |
| Income Tax Act | Sec 10(38) | Arvind Bhanguji Kangane v. DCIT | LTCG cannot be treated as unexplained cash credit if the assessee provides the allotment letter, bank statements, and demat records. | Click Here |
| Income Tax Act | Sec 14A | DCIT v. New Delhi Television Ltd. | No disallowance of expenditure is permitted under Section 14A if the assessee has not earned any exempt income during the year. | Click Here |
| Income Tax Act | Sec 32 & 147 | ACIT v. Ammann India (P.) Ltd. | SC Ruling: Reopening assessment based on a DRP order that was previously deleted by a Tribunal (on non-merit grounds) is invalid. | Click Here |
| Income Tax Act | Sec 69C | DCIT v. Sitaram Jewellers | Taxing the “profit element” of unaccounted purchases and then taxing the same as “unexplained expenditure” is impermissible double taxation. | Click Here |
| Income Tax Act | Sec 143 | CIT v. Shell India Markets (P.) Ltd. | SC Ruling: Assessment orders issued in the name of a non-existent company (post-merger) are invalid if the merger was intimated to the AO. | Click Here |
| Income Tax Act | Sec 151 & 263 | Shailesh Asalraj Jain v. PCIT | If a reassessment notice is issued without the correct statutory sanction (wrong authority), the consequential revision under Sec 263 cannot survive. | Click Here |
| Income Tax Act | Sec 206C | DCIT (TDS) v. Deputy Director (Mineral) | SC Ruling: There is no legislative mandate to collect TCS on compounding fees or fines recovered from illegal miners/transporters. | Click Here |
| DTVSV Act, 2020 | Sec 4 | Vidya Sagar Sharma v. UOI | If a VSV declaration becomes void for non-compliance, the original revision petition is automatically revived by operation of law. | Click Here |
For More :- Read IMPORTANT INCOME TAX CASE LAWS 09.03.2026