Important Income Tax Case Laws 24.04.2026
| Relevant Act | Section / Authority | Case Law Title | Citation | Brief Summary |
| Income-tax Act, 1961 | Sec 2(14) | Pallava Resorts (P.) Ltd. v. DCIT | Click Here | Agricultural Land: Revenue records (Patta/Adangal) prevail over guideline values. If land is classified as agricultural and used for farming, it is excluded from “capital assets.” |
| Income-tax Act, 1961 | Sec 12A / 119(2) | Shri Jain Dehrasar Upasraya ane Sadharan v. CIT | Click Here | Condonation of Delay: For Form 10B verification, the Commissioner must only evaluate reasons for delay, not exceed scope by demanding unrelated certificates. |
| Income-tax Act, 1961 | Sec 28(i) / 148 | Dignesh Pramukhlal Patel v. ACIT | Click Here | Change of Opinion: Reassessment to treat capital gains as business income solely due to a change in directorship is invalid if the original claim was already accepted in scrutiny. |
| Income-tax Act, 1961 | Sec 35DDA | Ambalal Sarabhai Enterprises Ltd. v. DCIT | Click Here | VRS Amortization: Gratuity and leave encashment are post-retirement obligations arising from past service; they are fully deductible and should not be amortized with VRS costs. |
| Income-tax Act, 1961 | Sec 45 | Ambalal Sarabhai Enterprises Ltd. v. DCIT | Click Here | Capital Receipt: Consideration for assigning marketing rights or self-generated trademarks/goodwill is a capital receipt and not taxable as revenue income. |
| Income-tax Act, 1961 | Sec 69C | PCIT v. Sunil Devkishan Panwar | Click Here | Bogus Purchases: Deletion of addition is justified if the Revenue fails to supply material from the Investigation Wing or allow cross-examination to the assessee. |
| Income-tax Act, 1961 | Sec 80G | Anjuman-E-Himayath-E-Islam v. CIT (Exemption) | Click Here | Charitable Status: 80G approval cannot be denied for incidental religious expenditure (under 5%) if the dominant objects of the trust are educational. |
| Income-tax Act, 1961 | Sec 92CA | PCIT v. Boeing India (P.) Ltd. | Click Here | Amalgamation: An assessment order passed in the name of a non-existent amalgamating company (post-merger) is void ab initio and not a curable irregularity. |
| Income-tax Act, 1961 | Sec 143 | Vyavasaya Seva Sahakari Sangh Ltd. v. AU | Click Here | Natural Justice: Proceedings are quashed if notices are sent to an incorrect email address, as it deprives the assessee of a fair opportunity of hearing. |
| Income-tax Act, 1961 | Sec 148 / 148A | G M Polyplast Ltd. v. ACIT | Click Here | Constitutional Validity: Notice issued to the Attorney General as the petition challenges the validity of certain provisos to Sec 148/148A as arbitrary. |
For More :- Read Important Income Tax Case Laws 23.04.2026