INCOME TAX CASE LAW 19.09.2026 Relevant Act Section / Provision Case Law Title / Source Citation Brief Summary Income-tax Rules, 2026 Rules 160, 176 & 225; Forms 169 & 171 CBDT Notification Click Here Notified the Income-tax (Fourth Amendment) Rules, 2026; revised Forms 169 and 171 for registration as a valuer and authorised practitioner, extending… Read More »
INCOME TAX CASE LAW 18.09.2026 Section Case Law Title Brief Summary Citation Relevant Act Section 5 Seaview Developers (P.) Ltd. v. DCIT Excess CAM charges collected on estimate and held as ‘advance from customers’ with a contractual duty to adjust/refund via credit notes represent a liability, not taxable income. Click Here Income-tax Act, 1961 Section… Read More »
INCOME TAX CASE LAW 17.09.2026 Relevant Act Section Case Law Title Citation Brief Summary Income-tax Act, 1961 Section 11 Sou Taradevi Asopa Foundation v. ITO Click Here Delay of 22 days in filing Form 10B audit report cannot lead to denial of Section 11 exemption if the report was available with CPC prior to… Read More »
INCOME TAX CASE LAW 16.09.2026 Relevant Act Section Case Law Title Citation Brief Summary Income-tax Act, 1961 Section 12AB ST. Ignatius Church v. CIT (Exemptions) Click Here Denial of renewal of registration to a long-established trust solely due to lack of a formal trust deed was unsustainable since Rule 17A(2)(b) permits alternative documentary evidence. Income-tax… Read More »
INCOME TAX CASE LAW 05.08.2026 Section Case Law Title Brief Summary Citation Relevant Act Section 2 Myrah Trade and Business v. Deputy Commissioner of Income-tax (BPU-1) Unverified gold sale receipt of ₹25 lakh without KYC or proof of delivery was held to be a bogus arrangement to convert demonetized currency into transfer entries; attachment as… Read More »
INCOME TAX CASE LAW 02.09.2026 Section Relevant Act Case Law Title Citation Brief Summary Section 2(47) Income-tax Act, 1961 Sandhya Roy v. Income-tax Officer Click Here Where reassessment was framed treating execution of a JDA as a transfer without a return filed, the CIT(A) order was set aside and remitted for fresh decision on merits… Read More »
INCOME TAX CASE LAW 15.05.2026 Section Case Law Title Brief Summary Citation Relevant Act Section 5 Commissioner of Income-tax v. Sterling Holiday Resorts (India) Ltd. Upfront membership fees with continuing contractual service obligations over time cannot be taxed entirely in the initial year; deferred revenue recognition per AS-9 is justified. Click Here Income-tax Act, 1961… Read More »
INCOME TAX CASE LAW 16.07.2025 Section Case Law Title / Item Brief Summary Citation Relevant Act N/A (Press Release) CBDT Verification Drive on Fake Deductions The Income-tax Department launched a nationwide verification drive against individuals, entities, and intermediaries making fraudulent deduction and exemption claims in ITRs. Click here Income-tax Act, 1961 Section 10(46) Notification of… Read More »
INCOME TAX CASE LAW 13.08.2026 Relevant Act Section Case Law Title Citation Brief Summary Income-tax Act, 1961 2(14) Akhilesh Bansal v. ITO, Ward 1 (1) Click Here Rural agricultural land located beyond 8 km from municipal limits is not a capital asset under Section 2(14)(iii); hence, enhanced compulsory acquisition compensation is not taxable under Section… Read More »
INCOME TAX CASE LAW 11.08.2026 Relevant Act Section Case Law Title / Matter Citation Brief Summary Tribunals Reforms Act Legislative Update Tribunals Reforms Bill, 2026 Click Here The Lok Sabha passed the Tribunals Reforms Bill, 2026, repealing the 2021 Act to set up an independent National Tribunals Commission overseeing appointments and service conditions across tribunals.… Read More »