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- INCOME TAX DAILY CASE LAWS DIGEST 18.05.2026
- Transfer pricing adjustments must account for extraordinary events while itemized asset sales escape slump sale rules.
- Concessional tax rate cannot be denied when Form 10-IC is submitted before the assessment order.
- Routing Demonetized Cash Through Third Parties Is a Benami Transaction, but Attachment Must Reflect PMGKY Disclosures
- Compensation Paid Pursuant to a Court-Ordered Land Acquisition Mediation Agreement Is Exempt From TDS
- Subsequent Section 80G application is valid after an unappealed rejection and requires fresh objective consideration.
- Upfront time-share membership fees coupled with long-term obligations are taxable over the contract period.
- Penalty under Section 272A(1)(d) cannot be levied if subsequent compliance leads to acceptance of returned income.
- Delay condoned and amortization recomputed using actual termination date while deleting concealment penalty
- Reversal of Previously Disallowed Securitisation Provisions Cannot Be Taxed Upon Being Written Back
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