IMPORTANT INCOME TAX CASE LAWS 27.03.2026

Relevant Act	Section	Case Law Title / Authority	Brief Summary	Citation
Income Tax Act	Sec 72 & 139	Technovaa Plastic Industries v. CBDT	IBC Priority: Revenue must allow carry forward of losses and condone filing delays if a Resolution Plan approved by the NCLT explicitly provides for such tax benefits.	Click Here
Income Tax Act	Sec 56(2)(viib)	Asirvad Micro Finance Ltd. v. DCIT	AO cannot substitute the DCF valuation with NAV just because the report was obtained post-issue, provided projections are substantiated and no unaccounted money is involved.	Click Here
Income Tax Act	Sec 148	ACIT v. AMW Auto Component Ltd.	SC Ruling: Tax authorities cannot reopen assessments (Sec 148) for periods where a Resolution Plan has already extinguished/waived past tax liabilities.	Click Here
Income Tax Act	Sec 153C	Clear Channel India (P.) Ltd. v. DCIT	A Satisfaction Note lacking a Document Identification Number (DIN) is invalid and deemed to have never existed, vitiating the entire search assessment.	Click Here
Income Tax Act	Sec 10(10B)	C.B. Dangodara v. ITO	Compensation received by employees under the BSNL VRS-2019 scheme is fully exempt from tax.	Click Here