Important Income Tax Case Laws 25.04.2026
| Relevant Act | Section / Authority | Case Law Title | Citation | Brief Summary |
| Income-tax Act, 1961 | Sec 2(24) / 115JB | Graphite India Ltd. v. CIT | Click Here | Capital Subsidy: Sales tax remission linked to fixed capital investment is a capital receipt; not taxable and excluded from MAT (Sec 115JB). |
| Income-tax Act, 1961 | Sec 12AB | Yogayatan Jankalyan Trust v. CIT (E) | Click Here | Charitable Objects: Granting scholarships to Indian students for education abroad is a valid charitable activity; registration cannot be denied. |
| Income-tax Act, 1961 | Sec 55 / 45 | CIT v. Zydus Lifesciences Ltd. | Click Here | Intangibles: Transfer of self-generated trademarks prior to Finance Act 2001 is not taxable as the cost of acquisition is unascertainable. |
| Income-tax Act, 1961 | Sec 80-IA | Graphite India Ltd. v. CIT | Click Here | Captive Power: For Sec 80-IA, power valuation must include Electricity Duty (SEB tariff rate) rather than the lower surplus sale rate. |
| Income-tax Act, 1961 | Sec 80JJAA | Expert Global Solutions (P) Ltd v. DCIT | Click Here | Audit Report: Belated filing of Form 10DA does not disentitle the assessee if the report was available with the AO during assessment. |
| Income-tax Act, 1961 | Sec 149 | DCIT v. E Homes Infrastructure (P.) Ltd. | Click Here | Limitation: Reopening beyond 6 years is time-barred if no material “belonging” to the assessee was found during a third-party search (Sec 153C inapplicable). |
| Income-tax Act, 1961 | Sec 153A | ACIT v. Mahamaya Steel Industries Ltd. | Click Here | Search Assessment: Additions based on production yield estimates without incriminating material or defects in books are unsustainable. |
| Income-tax Act, 1961 | Sec 199 | Jivanbhai Somabhai Patel v. DCIT | Click Here | TDS Credit: An agent facilitating sales for farmers cannot claim TDS credit u/s 194Q if the corresponding income is not assessable in their hands. |
For More :- Read Important Income Tax Case Laws 24.04.2026