IMPORTANT INCOME TAX CASE LAWS 21.03.2026
| Relevant Act | Section | Case Law Title / Authority | Brief Summary | Citation |
| Income Tax Act, 2025 | Sec 533 | Notification No. 22/2026 | Income-tax Rules 2026 notified; effective from 01-04-2026. These rules provide the operational framework for the new Act starting the next tax year. | [2026] 20-03-2026 |
| Income Tax Act, 1961 | Sec 2(15) | Yakshit Yuva Foundation v. CIT(E) | Imparting self-defence and sports training for nominal fees qualifies as “Education.” Providing free workshops for underprivileged girls entitles the trust to 12AB/80G. | Click Here |
| Income Tax Act, 1961 | Sec 2(42A) | DCIT v. Bharat Lakhaji Nandwana | Inherited property via Trust: The period of holding by the previous owner (the Trust/Father) must be added to the assessee’s holding to determine LTCG status. | Click Here |
| Income Tax Act, 1961 | Sec 10(10D) | Harsimron Singh Sandhu v. DCIT | Maturity proceeds of a Keyman Insurance Policy assigned to an employee remain taxable; assignment does not change the policy’s original character. | Click Here |
| Income Tax Act, 1961 | Sec 12AB | Chamber of Tax Consultants v. CIT(E) | Major Ruling: Registration cannot be denied because a digital form (10AB) forced a “Yes” on irrevocability, nor because a deed lacks an explicit dissolution clause. | Click Here |
| Income Tax Act, 1961 | Sec 37(1) | Reliance Retail Ltd. v. ACIT | AJIO Platform Marketing: Routine sales promotion and advertisement expenses are Revenue expenditure even if capitalized in books of accounts. | Click Here |
| Income Tax Act, 1961 | Sec 80G | Reliance Retail Ltd. v. ACIT | CSR & 80G: Deduction for donations to 80G registered institutions cannot be denied simply because the payment was part of a mandatory CSR spend. | Click Here |
| Income Tax Act, 1961 | Sec 143 | ITO v. Secure 1 Services (P.) Ltd. | Reassessment initiated before a company is “Struck Off” remains enforceable despite subsequent removal from the Registrar of Companies. | Click Here |
| Income Tax Act, 1961 | Sec 244A | LIC Housing Finance Ltd. v. ACIT | Interest on delayed refunds is a statutory right even for those opting for the Vivad Se Vishwas (VSV) settlement scheme. | Click Here |
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