IMPORTANT INCOME TAX CASE LAWS 19.03.2026

Relevant Act	Section	Case Law Title / Authority	Brief Summary	Citation
PBPT Act, 1988	Sec 2(8) & 24	Sanjay Sancheti v. Initiating Officer	Property is Benami if the title holder lacks financial capacity and the beneficial owner exercises dominion and receives sale proceeds.	Click Here
Income Tax Act	Sec 2(29C)	Chanda Bharech Beneficiary Trust v. ITO	For private discretionary trusts with income below ₹50 lakhs, no surcharge is leviable; only the 30% tax rate plus cess applies.	Click Here
Income Tax Act	Sec 10(23C)	DCIT v. University of Mumbai	Generating a surplus does not prove a profit motive. Substantial Govt. funding (19% grants + infrastructure) qualifies it for exemption.	Click Here
Income Tax Act	Sec 35	Matrix Clothing (P.) Ltd. v. ACIT	Weighted deduction (Sec 35(2AB)) requires mandatory PCCIT/PDGIT approval; however, R&D for daily operations is allowable under Sec 37(1).	Click Here
Income Tax Act	Sec 37(1)	E2E Supply Chain Solutions v. ACIT	Disallowance cannot be based solely on a vendor’s non-response to Sec 133(6) notices if the assessee provides banking proofs and invoices.	Click Here
Income Tax Act	Sec 80P	ITO v. Shree Ravalnath Co-op Society	Interest earned by a credit society on deposits maintained for providing credit to members is business income eligible for Sec 80P(2)(a)(i) deduction.	Click Here
Income Tax Act	Sec 194C	CIT v. Bose Corporation India (P.) Ltd.	SC Ruling: Common Area Maintenance (CAM) charges fall under Sec 194C (Contractual) and not Sec 194-I (Rent) for TDS purposes.	Click Here
Income Tax Act	Sec 197	Make My Trip (India) v. ACIT	Rejection of a lower/Nil TDS certificate must be a reasoned order. Outstanding demands alone aren’t enough if facts haven’t changed from prior years.	Click Here
Income Tax Act	Sec 251	Mrigesh Gaurav v. ITO	CIT(A) cannot enhance an assessment (directing to tax full salary) without issuing a mandatory Show-Cause Notice for such enhancement.	Click Here

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