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 Rejection solely on “delay” grounds is no longer valid.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

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