Important Income Tax Case Laws 22.04.2026

Section	Case Law Title	Key Ruling Summary	Citation
Sec 22	Sambhau Tirth CHS	Hoarding Income: Charges received by a housing society for advertisements on its walls are “Income from House Property,” allowing for a 30% deduction under Sec 24(a).	Click Here
Sec 115BAA	Vinmar India (P.) Ltd.	Form 10-IC Delay: Filing Form 10-IC is “directory.” If a company opts for the 22% rate in its return, filing the form even during appeals is sufficient.	Click Here
Sec 115JB	PVP Corporate Parks	MAT & Capital Profit: Capital profits on the sale of assets credited directly to “Reserves” must be added back to compute Book Profits for MAT purposes.	Click Here
Benami Sec 24	ARC Agrochemical LLP	Civil vs. Criminal: Acquittal in a criminal case does not stop civil action under the Benami Act. Provisional attachment can be confirmed based on “layering” evidence.	Click Here