IMPORTANT INCOME TAX CASE LAWS 12.03.2026
| Relevant Act | Section | Case Law Title / Authority | Brief Summary | Citation |
| Income Tax Act | Sec 35(2AB) & 148 | Gujarat Metal Cast Industrial v. ACIT | Reopening an assessment on the same material already examined during the original assessment is a “change of opinion” and is legally impermissible. | Click Here |
| Income Tax Act | Sec 54F | Satya Prasan Rajguru v. DCIT | Gifting co-sharer interests in existing houses to a spouse before a new purchase ensures the assessee doesn’t “own” more than one house, qualifying them for exemption. | Click Here |
| Income Tax Act | Sec 56(2)(x) | Satya Prasan Rajguru v. DCIT | Contractual rebates for timely payment that reduce the price below the listed price are not taxable income, provided the actual price paid exceeds the stamp duty value. | Click Here |
| Income Tax Act | Sec 80G | Hirawat Foundation v. CIT(E) | Per Finance Act 2024, trusts can now apply for 80G approval at any time after commencing activities. Rejection solely on “delay” grounds is no longer valid. | Click Here |
| Income Tax Act | Sec 170 | Surya Medi Tech Ltd. v. DCIT | Proceedings against a non-existent amalgamating company are invalid if the Revenue was duly informed of the merger/succession. | Click Here |
| Income Tax Act | Sec 234E | Vivimed Labs Ltd. v. DCIT | COVID-related limitation extensions do not apply to TDS return filing due dates; late fees remain mandatory except where specific CBDT circulars apply. | Click Here |
| Income Tax Act | Sec 244A | PCIT v. HCL Infotech (P.) Ltd. | Interest on refund cannot be denied if the delay was caused by a “technical glitch” (TDS not reflecting in e-return) despite it appearing in Form 26AS. | Click Here |
| Income Tax Act | Sec 245 | Piramal Finance Ltd. v. DCIT | Adjusting an entire refund against a demand when a stay order exists (limiting adjustment to 20%) is illegal; excess must be refunded with interest. | Click Here |
For More :- Read IMPORTANT INCOME TAX CASE LAWS 11.03.2026