IMPORTANT INCOME TAX CASE LAWS 28.02.2026

Section	Case Law / Advisory	Core Ruling & Strategic Summary	Citation
S. 9 (Intl. Tax)	ANZ Banking Group	[Intra-Bank Interest] Interest paid by an Indian branch of a foreign bank to its Head Office/Overseas branches is not taxable in India.	Click Here
S. 28(iv)	Mithi Software Tech	[Loan Waiver] Waiver of monetary liability (loans/debentures) does not attract S. 28(iv). S. 41(1) fails if no prior interest deduction was claimed.	Click Here
S. 32	Trent Ltd.	[Slump Sale] Excess consideration over identifiable assets is Goodwill (commercial rights) and is eligible for depreciation.	Click Here
S. 32 / 115QA	Aptara Technologies	[Artificial Goodwill] Goodwill created via “share swap” without real business acquisition is a colourable device. Depreciation and Buy-back tax benefits denied.	Click Here
S. 37(1)	Bharat Agro Industries	[Ad-hoc Disallowance] Revenue cannot make 10% ad-hoc disallowances on firewood/packing expenses without material evidence to contradict the CIT(A).	Click Here
S. 48 / 55	Biharilal	[Cost Deduction] AO must allow deduction for Cost of Acquisition/Improvement while computing Long-term Capital Gains on property.	Click Here
S. 50	N.K. Gems	[Asset Acquisition] Commercial premises are “acquired” for the Block of Assets once the Registered Agreement is signed and payment made, even without possession.	Click Here
S. 54F	Satishchandra Gugale	[Capital Gains] S. 54F allowed if total consideration is invested in a house, even if only a partial deposit was made in the CG Account Scheme.	Click Here
S. 57	Ramavtar	[Land Interest] Interest u/s 28 of Land Acquisition Act is part of the Capital Compensation, not taxable as “Income from Other Sources.”	Click Here
S. 68 / 153A	Neena Jain	[Third-party Evidence] Assessment based on third-party search material is void if no incriminating document was found in the assessee’s own possession.	Click Here
S. 69 / 143	Pratibha Singh	[LIC Investment] ₹50L LIC investment treated as unexplained if source (Agri income) is not backed by Mandi receipts/books of accounts.	Click Here
S. 80A(5)	360 One Distribution	[New Claims] Deduction u/s 80-JJAA cannot be claimed for the first time before the CIT(Appeals) if missed in the original Return.	Click Here
S. 194LBC	Hebros AHL IFMR	[Securitisation] Interest paid to an originator (non-investor) does not attract TDS u/s 194LBC.	Click Here
S. 205 (SC)	Gayatri Snehal Rao	[Direct Demand Bar] AO cannot raise a demand against an employee if the employer deducted TDS but failed to deposit it.	Click Here
S. 253	Udayanath Trust	[Jurisdiction] Appeals filed before a Tribunal Bench lacking geographical jurisdiction are not maintainable.	Click Here
Benami Act	Smt. Ranjana Roy	[Immunity] Jewellery attachment quashed as the beneficial owner disclosed purchases under the PMGKY, 2016 scheme.	Click Here

For More :- Read IMPORTANT INCOME TAX CASE LAWS 26.02.2026