INCOME TAX CASE LAW DIGEST 16.06.2026 INCOME TAX CASE LAW DIGEST 16.06.2026 Relevant Act Section Case Law Title Brief Summary Citation Income Tax Act, 1961 Section 11 National Academy of Agricultural Sciences v. Income-tax Officer Receipts from providing commercial conference and auditorium facilities are not incidental to charitable objects and constitute taxable business income under… Read More »
INCOME TAX CASE LAW DIGEST 15.09.2026 INCOME TAX CASE LAW DIGEST 15.09.2026 Relevant Act Section(s) Case Law Title Citation Brief Summary Income Tax Act, 1961 CBDT Circular (Monetary Limits) / Section 260A Principal Commissioner of Income-tax vs. Taha Wires (P.) Ltd. Click Here The ITAT erred in dismissing the Revenue’s appeal based on low tax… Read More »
INCOME TAX CASE LAW DIGEST 12.6.2026 INCOME TAX CASE LAW DIGEST 12.6.2026 Relevant Act Section(s) / Rule(s) Case Law Title Citation Brief Summary Income Tax Act, 1961 Section 10(23FBA) Deputy Commissioner of Income-tax vs. Sundaram Alternative Opp Series High Yield Secured Debt fund Click Here Exemption under Section 10(23FBA) is allowable for NCD processing fees… Read More »
INCOME TAX CASE LAW DIGEST 12.6.2026 INCOME TAX CASE LAW DIGEST 12.6.2026 Case Law Analysis Summary Relevant Act Section(s) Case Law Title Brief Summary Citation Income-tax Act, 1961 Sec. 119(2)(b) Shree Chandraprabha Medical Trust vs. Commissioner of Income-tax (Exemptions) A 113-day delay in e-verifying Form 10B during the COVID-19 period was condoned. The delay was… Read More »
INCOME TAX CASE LAW DIGEST 10.6.2026 INCOME TAX CASE LAW DIGEST 10.6.2026 Case Law Title Case Citation Section(s) Involved Relevant Act Brief Summary Principal Commissioner of Income-tax-9 vs. Nikunj Dhanuka Click Here Section 147 / 148, Section 10(38) Income-tax Act, 1961 SLP dismissed. Reopening of assessment based on Investigation Wing info regarding bogus LTCG exemption… Read More »
INCOME TAX CASE LAW DIGEST 09.6.2026 INCOME TAX CASE LAW DIGEST 09.6.2026 Relevant Act Section Case Law Title Citation Brief Summary Income Tax Act, 1961 Section 153A, Section 45(5), Section 131 Assistant Commissioner of Income-tax vs. Lakkanna Durgappa Click Here Additions made on account of capital gains under Section 153A were deleted for a concluded… Read More »
INCOME TAX CASE LAW DIGEST 05.06.2026 Case Law Analysis Summary Relevant Act Section / Rule Case Law Title Citation Brief Summary Income Tax Act, 1961 Sec. 143(1) & Sec. 154 Yadvendra Dhabhai vs. Income-tax Officer Click Here Rejection of a rectification application under Sec. 154 was unjustified because the disallowance of late PF/ESI deposits was… Read More »
INCOME TAX CASE LAW DIGEST 04.06.2026 INCOME TAX CASE LAW DIGEST 04.06.2026 Relevant Act Section Case Law Title Brief Summary Citation Income-tax Act, 1961 Section 48 / 55 (Cost of Improvement/Acquisition) Jugesh Saluja vs. Deputy Commissioner of Income-tax Claim of indexed cost of construction cannot be fully denied solely due to the absence of old… Read More »