IMPORTANT INCOME TAX CASE LAWS 11.03.2026

Relevant Act	Section	Case Law Title / Authority	Brief Summary	Citation
PBPT Act, 1988	Sec 2(9)(A) & 24	Smt. Radhamani A. v. ACIT	Attachment is sustainable even if beneficial owners aren’t fully identified, provided the “benamidar” fails to prove a lawful source of funds.	Click Here
Income Tax Act	Sec 10(38)	Arvind Bhanguji Kangane v. DCIT	LTCG cannot be treated as unexplained cash credit if the assessee provides the allotment letter, bank statements, and demat records.	Click Here
Income Tax Act	Sec 14A	DCIT v. New Delhi Television Ltd.	No disallowance of expenditure is permitted under Section 14A if the assessee has not earned any exempt income during the year.	Click Here
Income Tax Act	Sec 32 & 147	ACIT v. Ammann India (P.) Ltd.	SC Ruling: Reopening assessment based on a DRP order that was previously deleted by a Tribunal (on non-merit grounds) is invalid.	Click Here
Income Tax Act	Sec 69C	DCIT v. Sitaram Jewellers	Taxing the “profit element” of unaccounted purchases and then taxing the same as “unexplained expenditure” is impermissible double taxation.	Click Here
Income Tax Act	Sec 143	CIT v. Shell India Markets (P.) Ltd.	SC Ruling: Assessment orders issued in the name of a non-existent company (post-merger) are invalid if the merger was intimated to the AO.	Click Here
Income Tax Act	Sec 151 & 263	Shailesh Asalraj Jain v. PCIT	If a reassessment notice is issued without the correct statutory sanction (wrong authority), the consequential revision under Sec 263 cannot survive.	Click Here
Income Tax Act	Sec 206C	DCIT (TDS) v. Deputy Director (Mineral)	SC Ruling: There is no legislative mandate to collect TCS on compounding fees or fines recovered from illegal miners/transporters.	Click Here
DTVSV Act, 2020	Sec 4	Vidya Sagar Sharma v. UOI	If a VSV declaration becomes void for non-compliance, the original revision petition is automatically revived by operation of law.	Click Here

For More :- Read IMPORTANT INCOME TAX CASE LAWS 09.03.2026