IMPORTANT INCOME TAX CASE LAWS 16.02.2026

Relevant Act	Section	Case Law Title	Core Ruling / Summary	Citation
PBPT Act	Section 2	Laxmi Chand Maravi v. IO	Tribal land purchased in a labourer’s name using another’s funds without lawful transfer permission or POA is Benami. The fiduciary exception does not apply to such illegal transfers.	Click Here
Income-tax Act	Section 151	Arvindbhai Khatri Sons v. ACIT	[Sanction Defect] For reopening assessments beyond 3 years, sanction from the Principal Chief Commissioner is mandatory. Approval from a Principal Commissioner renders the notice void.	Click Here
Income-tax Act	Section 54F	Mahesh Shrivastava v. ITO	[Deeming Fiction Limit] The higher stamp duty value u/s 50C applies only to compute capital gains. For determining “net consideration” for reinvestment exemption u/s 54F, only the actual amount reinvested matters.	Click Here
Income-tax Act	Section 148	Vandana Malhotra v. ITO	[Faceless Mandate] Reassessment notices issued by a Jurisdictional AO (JAO) without following the Faceless Assessment procedure u/s 144B are contrary to law and liable to be set aside.	Click Here