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

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