Important Income Tax Case Laws 01.05.2026

Relevant Act	Section	Case Law Title	Citation	Brief Summary
Income Tax	Sec 11 / 10B	CIT (Exemption) v. Manav Vikas Bahuudeshiya	Click Here	Condonation of Delay: (SC Dismissed) Delay in filing Form 10B due to bona fide CA oversight regarding new online portal must be condoned.
Income Tax	Sec 68 / 148	Aditya H. Patel v. ITO	Click Here	Loose Papers: Reopening based on a loose paper with no established nexus to the salaried assessee is without jurisdiction and quashed.
Income Tax	Sec 80P	Mysore University Employees Co-op Credit Society v. ITO	Click Here	Co-op Society: Interest on surplus funds parked in banks is attributable to the credit business and eligible for deduction u/s 80P(2)(a)(i).
Income Tax	Sec 143	DCIT v. Reliance Industries Ltd.	Click Here	Amalgamation: (SC Dismissed) Assessment orders passed in the name of non-existing (amalgamated) entities, despite notice of merger, are void ab initio.
Income Tax	Sec 149	Pratibha Syntex Ltd. v. DCIT	Click Here	Limitation: Reassessment notice for AY 2013-14 issued in March 2024 is time-barred as the 10-year outer limit expired in June 2021.
Income Tax	Sec 153	S.V.S. Securities Ltd. v. ACIT	Click Here	Extended Limitation: Time extension u/s 153(6) is not available if the court’s prior order only set procedural timelines rather than specific “findings.”
Income Tax	Sec 153A	Dilipbhai Prabhudas Patel v. DCIT	Click Here	Search Assessment: Notice u/s 148 for AY 2014-15 based on a 2024 search is barred by the 10-year limitation rule.

For More :- Read Important Income Tax Case Laws 30.04.2026