IMPORTANT INCOME TAX CASE LAWS 12.02.2026 Relevant Section Case Law Title Core Ruling / Summary Citation Section 14A / 144B Captain Pramod Kumar Bajaj v. UOI [Selection Bias] The SC quashed the rejection of a candidate for ITAT Member because the selection committee included an officer who had faced contempt proceedings from that candidate. Justice… Read More »
Limitation Period for Penalty Orders After Search (Section 271AAB) 1. The Issue The primary legal dispute was whether the limitation period for passing a penalty order under Section 271AAB (penalty in case of search) is governed by: Section 275(1)(a): Applicable when the assessment order is under appeal (6 months from the end of the month… Read More »
I. Section 14A: Disallowance Restricted to Income-Yielding Investments Issue: Whether investments that do not yield exempt income should be considered for disallowance under Section 14A read with Rule 8D. Key Takeaways: Restrictive Application: The Tribunal held that disallowance under Rule 8D must be restricted only to those investments which actually yielded exempt income during the… Read More »
Rejection of Charitable Registration for Medical Society Funded by Pharma Companies 1. Issue The primary legal question was whether a medical society primarily funded by pharmaceutical companies for organizing high-end conferences and seminars for doctors qualifies as a “charitable institution” under Section 2(15), and thereby eligible for registration under Section 12A. 2. Facts The assessee-society… Read More »
Rights in an Allotted Property Classified as a Capital Asset 1. The Core Dispute: Relinquishment of Rights vs. Income from Other Sources The assessee booked a residential unit with a developer in 2010 and received an allotment letter. In 2021, she transferred her “rights” in this unit to a third party via a registered agreement… Read More »
Bias and Violation of Natural Justice in ITAT Member Selection 1. Issue The primary legal question was whether the inclusion of a member in the Search-cum-Selection Committee (SCSC), who had previously faced contempt proceedings initiated by the candidate, vitiated the selection process due to a “reasonable apprehension of bias” and violation of the principles of… Read More »
BIG CHANGE ! NEW INCOME TAX RULES 2026 FOR TAX ON CAR ALLOWANCE TO EMPLOYEES ! DRAFT
INCOME TAX REFUND NOT RECEIVED? जानें असली कारण ! ITR PROCESSING LATEST UPDATE
IMPORTANT INCOME TAX CASE LAWS 11.02.2026 Relevant Section Case Law Title Core Ruling / Summary Citation Section 4 Archna Chadha v. ACIT Mesne profits received for unauthorized occupation of a property previously leased for banking are Revenue Receipts (taxable), as they act as a substitute for lost rental income. Click Here Section 9 Tata Consultancy… Read More »
Court Intimation of Large Cash Transactions to Income Tax Authorities 1. Issue The central legal question was whether a Civil Court, while hearing a recovery suit, can compel a plaintiff to disclose their PAN and order the reporting of a heavy cash transaction (₹80 lakh) to the Income Tax Department, especially when the transaction occurred… Read More »