IMPORTANT INCOME TAX CASE LAWS 25.03.2026
| Relevant Act | Section | Case Law Title / Authority | Brief Summary | Citation |
| PBPT Act, 1988 | Sec 2(9) | DCIT (BPU) v. Sara Company | Sharing business premises and accounting staff between entities for “convenience” is not Benami if there is no evidence of fictitious consideration passing. | Click Here |
| Income Tax Act | Sec 4 & 32 | Mumbai International Airport (MIAL) v. DCIT | Passenger Development Fees are Capital Receipts. Upfront concession fees paid to AAI are Intangible Assets eligible for depreciation. | Click Here |
| Income Tax Act | Sec 32 | Mumbai International Airport (MIAL) v. DCIT | Runways, taxiways, and aprons are “Plant & Machinery” (integral tools), not “Buildings,” qualifying for a higher depreciation rate. | Click Here |
| Income Tax Act | Sec 40(a)(ia) | Mega Automobiles (P.) Ltd. v. ACIT | Reimbursements for staff training (e.g., to an OEM) without a separate contract are business integrals and do not require TDS; disallowance deleted. | Click Here |
| Income Tax Act | Sec 43(1) | Amrit Banaspati Co. Ltd. v. DCIT | A General Industrial Subsidy from the Govt. should not be reduced from the “Actual Cost” of assets for depreciation purposes. | Click Here |
| Income Tax Act | Sec 43CB | Johnson Lifts (P.) Ltd. v. DCIT | Revenue from Annual Maintenance Contracts (AMC) must be recognized on a straight-line basis over the tenure, not taxed entirely in the year of receipt. | Click Here |
| Income Tax Act | Sec 45 | Mumbai International Airport (MIAL) v. DCIT | STCG from temporary investment of idle project funds must be reduced from Capital Work-in-Progress (CWIP) rather than being taxed as separate income. | Click Here |
| Income Tax Act | Sec 57(iv) | Comunidade of Chicalim v. ACIT | A 50% statutory deduction on interest from delayed land compensation is mandatory and must be allowed even if claimed for the first time at the appellate stage. | Click Here |
| Income Tax Act | Sec 268A | Amrit Banaspati Co. Ltd. v. DCIT | Revenue appeals with a tax effect below the limits prescribed in CBDT Circular 9/2024 must be rejected at the threshold. | Click Here |
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