IMPORTANT INCOME TAX CASE LAWS 13.03.2026
| Relevant Act | Section | Case Law Title / Authority | Brief Summary | Citation |
| Income Tax Act | Sec 14A | ACIT v. FLSmidth (P.) Ltd. | Disallowance under Rule 8D can never exceed the actual exempt income earned by the assessee during the relevant year. | Click Here |
| Income Tax Act | Sec 32 | ACIT v. FLSmidth (P.) Ltd. | Excess consideration paid over net assets in an amalgamation is to be treated as Goodwill, eligible for depreciation at applicable rates. | Click Here |
| Income Tax Act | Sec 56(2)(x) | Rinki Singh v. I.T.O. | Provisions of Sec 56(2)(x) cannot be applied to property registered in 2018 if the original agreement was in 2010, as the section was not on the statute then. | Click Here |
| Income Tax Act | Sec 68 | Elara India Opportunities Fund v. DCIT | LTCG from a 10-year holding by a Mauritius-based FPI is genuine if financials show the company isn’t a “penny-stock” entity; Sec 68 additions are deleted. | Click Here |
| Income Tax Act | Sec 115-O | Zydus Infrastructure (P.) Ltd. v. DCIT | A demand for Dividend Distribution Tax (DDT) without a formal assessment or reassessment order determining liability is void. | Click Here |
| Income Tax Act | Sec 144B | Creative Poly Packs (P.) Ltd. v. Assessment Unit | Failure to grant a personal hearing via video conferencing despite a specific request during Faceless Assessment violates natural justice. | Click Here |
| Income Tax Act | Sec 153 | DCIT v. Blue Yonder India (P.) Ltd. | Failure to pass an “order giving effect” (OGE) to a Tribunal’s directions within the statutory limitation period makes any subsequent demand time-barred. | Click Here |
| Income Tax Act | Sec 263 | Cholamandalam MS General Insurance v. PCIT | Revisionary power cannot be invoked for “inadequate verification” if the AO adopted a sustainable view after inquiry. A finding of “error” is mandatory. | Click Here |
For More :- Read IMPORTANT INCOME TAX CASE LAWS 12.03.2026