IMPORTANT INCOME TAX CASE LAWS 28.03.2026
| Relevant Act | Section | Case Law Title / Authority | Brief Summary | Citation |
| Finance Bill | N/A | Finance Bill 2026 | The Lok Sabha officially passed the Finance Bill 2026 on March 25, 2026. | [2026] 25-03-2026 |
| Income Tax Act | Sec 119 | CBDT Circular No. 2/2026 | Due to technical glitches on the e-filing portal, the deadline for issuing TDS Certificates for Q3 (FY 2025-26) has been extended to March 31, 2026. | [2026] 25-03-2026 |
| Income Tax Act | Sec 5 | United Breweries Ltd. v. CIT | SC Ruling: The “Real Income” theory cannot override legal accrual. If interest is due per a contract, it is taxable upon accrual even if not yet received. | Click Here |
| Income Tax Act | Sec 36(1)(vii) | United Breweries Ltd. v. CIT | SC Ruling: Advances made for the future allotment of shares are investments, not “debts.” Consequently, they cannot be written off as Bad Debts. | Click Here |
| Income Tax Act | Sec 50C & 54 | Vijay Krishnaji Sawant v. ITO | For Sec 50C, stamp duty value as of the MOU/Agreement date applies retrospectively. For Sec 54, the investment period is reckoned from the Registered Deed date. | Click Here |
| Income Tax Act | Sec 80P | ACIT v. Kutch Dist. Co-op Milk Producers | SC Ruling: Interest earned by a co-operative society from a co-operative bank is eligible for deduction under Section 80P(2)(d). | Click Here |
| Income Tax Act | Sec 153A/D | DCIT v. Balar Marketing (P.) Ltd. | Additions based on WhatsApp chats/images are unsustainable without a 65B Certificate and a chain of custody. Mechanical approval under Sec 153D vitiates the assessment. | Click Here |
| Income Tax Act | Sec 206C | DCIT v. District Mining Officer | SC Ruling: There is no legislative mandate to collect TCS on compounding fees or fines collected for illegal mining. | Click Here |
For More :- Read IMPORTANT INCOME TAX CASE LAWS 27.03.2026