Important Income Tax Case Laws 21.04.2026

Section	Case Law Title	Key Ruling Summary	Citation
Sec 11 & 12	Prof. J.P. Trivedi Memorial Trust	Procedural Lapses: Exemption cannot be denied for delayed electronic filing of Form 10/10B or failing to specify accumulation purposes, as these are not “fatal” errors.	Click Here
Sec 92C	Xchanging Solutions Ltd.	TP Adjustment: If the DRP fails to pass a timely order to exclude comparables as directed by the ITAT, the AO must automatically remove them to correct the irregularity.	Click Here
Sec 143	Reliance Industries Ltd. (RIL)	SC Ruling: Assessment orders passed in the name of amalgamated (non-existing) entities are void ab initio, even if the AO claims ignorance of the merger.	Click Here
Sec 148	UK Grid Solutions Ltd.	SC Ruling: Reassessment cannot be sustained if the “reasons recorded” rely on surveys from different years without specific facts relating to the relevant AY.	Click Here
Sec 149	E-Homes Infrastructure	Search Reopening: If no material belonging to the assessee is found in a third-party search, Sec 153C doesn’t apply, and reopening after 6 years is time-barred.	Click Here
Sec 254	Xchanging Solutions Ltd.	ITAT Powers: While ITAT has wide powers, it can only give directions to the parties before it; it cannot issue orders to the TPO or DRP who are not direct parties.	Click Here