INCOME TAX UPDATE CASE LAWS DIGEST 13.5.2026
| Section | Case Law Title | Brief Summary | Citation | Relevant Act |
| 143(3) | Suman Sharma vs. ITO | Ad-hoc net profit additions are unsustainable if the AO has not rejected the books of account or identified specific bogus expenses, even if the profit ratio has declined. | Click Here | Income-tax Act, 1961 |
| 119(2)(b) | Suresh Velu Ellathukalathil vs. PCIT | Condonation of delay for filing a return was rightly denied as the 5-year limit per CBDT Circular No. 9 of 2015 is binding; no vested right exists to extend beyond this limit. | Click Here | Income-tax Act, 1961 |
| 148 | Hari Bhoomi Communications (P.) Ltd. vs. ACIT | The AO’s jurisdiction to issue a Sec. 148 notice based on material from a third-party search remains valid even if that search is later stayed or invalidated for the third party. | Click Here | Income-tax Act, 1961 |
| 143 | Suribabu Pallanti vs. ITO | Transactions pertaining to a different assessment year (e.g., AY 2017-18) must be excluded when computing the assessee’s income for the current relevant year. | Click Here | Income-tax Act, 1961 |
| 32 | CIT (LTU) vs. Tata Motors Ltd. | SLP dismissed; an assessee is entitled to claim depreciation on assets leased out under genuine lease transactions. | Click Here | Income-tax Act, 1961 |
| 11 | T.K. Raja Educational Charitable Trust vs. ITO | Exemption cannot be denied solely for not filing Form 10B with the return if it was submitted before the return was processed and was available during assessment. | Click Here | Income-tax Act, 1961 |
| 149 | ACIT vs. Mohd Athar Anjum | SLP dismissed; a notice issued on 31.03.2024 for AY 2016-17 is barred by limitation as it was issued beyond the maximum six-year period (which ended on 31.03.2023). | Click Here | Income-tax Act, 1961 |
| 10(23C) | Breach Candy Hospital Trust vs. ACIT | An appeal should not be disposed of without considering the outcome of a pending Writ Petition or interim orders regarding the trust’s exemption approval. | Click Here | Income-tax Act, 1961 |
| 143(1) / 143(3) | DCIT vs. Denso Haryana (P.) Ltd. | An intimation under Sec. 143(1) merges with the final regular assessment under Sec. 143(3), rendering any pending appeals against the 143(1) intimation infructuous. | Click Here | Income-tax Act, 1961 |