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- INCOME TAX CASE LAWS 05.10.2026
- Vested Right to Refund with Interest Based on ‘Give Effect’ Orders Cannot Be Denied on Technical Grounds
- Reassessment Order Passed Solely for In-Depth Scrutiny Without Finding Income Escapement Is Invalid
- Reassessment notices under Sections 143(2) and 142(1) issued before disposing of objections are invalid.
- Reopening of assessment beyond four years under Section 148 is invalid without failure by assessee to disclose all material facts.
- Reassessment notice under Section 148 for alleged bogus insurance commissions requires factual examination by AO, not writ court.
- Compensation for land compulsorily acquired under RFCTLARR Act is exempt; interest on compensation remains taxable.
- Unrealized foreign exchange gain on reinstating ECBs for domestic capital assets is taxable under Section 43AA.
- Disallowance under Section 40(a)(ia) is unsustainable without proving single payouts exceeding threshold.
- Section 263 revision is unsustainable when AO made enquiries and PCIT raised grounds beyond SCN.
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