INCOME TAX CASE LAW 25.06.2026 Relevant Act Section Case Law Title Citation Brief Summary Income-tax Act, 1961 Sec. 11 Gahoi Vaishya Kalyan Samiti v. Income-tax Officer (Exemption) 2026 Click Here Where a trust utilized deemed application income to buy immovable property, a mere clerical omission to disclose this in Schedule-I of ITR-7 (which meant for… Read More »
INCOME TAX CASE LAWS 24.06.2026 Relevant Act Section Case Law Title Citation Brief Summary Income Tax Act, 1961 Sec 2(14) Chakravati Chiman v. Income-tax Officer 2026 Click Here Where Sub-Registrar documents and the sale deed confirmed the rural agricultural nature of land, and no contrary evidence was presented, the addition of LTCG was deleted. Income… Read More »
INCOME TAX CASE LAWS 23.06.2026 INCOME TAX CASE LAWS 23.06.2026 Relevant Act Section Case Law Title Citation Brief Summary Income-tax Act, 1961 Section 9 Commissioner of Income-tax (International Taxation)-1 v. Ernst and Young U.S. LLP 2026 Click Here 1. Matter remanded to Tribunal to properly evaluate whether advisory/consultancy services qualify as FTS or are exempt… Read More »
INCOME TAX CASE LAWS 22.06.2026 Relevant Act Section Case Law Title Brief Summary Citation Income-tax Act, 1961 Section 10 Syngenta India (P.) Ltd. v. ACIT Additional ground claiming Sec 10(1) exemption on seed business raised for the first time before the ITAT must be admitted if facts are on record. The matter was remanded to… Read More »
NCOME TAX CASE LAW 19.6.26 Relevant Act Section Case Law Title Brief Summary Citation Income-tax Act, 1961 Section 9 Denso International Asia Co. Ltd. v. Assistant Commissioner of Income-tax, International Taxation Management and technical services receipts provided by a Thailand resident without an Indian PE are treated as ‘Business profits’ under Article 7 (not ‘Other… Read More »
INCOME TAX CASE LAW 18.6.26 Relevant Act Section Case Law Title Citation Brief Summary Income Tax Act, 1961 Sec 5 Dy. CIT v. Capegemini Technology Services India Ltd. Click Here Foreign exchange fluctuation gains on overseas branches credited to Foreign Currency Translation Reserve are taxable only to the extent they relate to revenue items; gains… Read More »
INCOME TAX CASE LAWS 17.06.2026 INCOME TAX CASE LAWS 17.06.2026 Here is the compiled data from your legal updates structured into a scannable, professional reference table. Case Law Summary Table Relevant Act Section Case Law Title Citation Brief Summary Income-tax Act, 2025 Section 536(2)(c) Guidelines for Compulsory Scrutiny Selection (Notification F.No.225/56/2026/ITA-II) Click Here CBDT issued… 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 15.06.2026 INCOME TAX CASE LAW 15.06.2026 Relevant Act Section Case Law Title Citation Brief Summary Income-tax Act, 1961 Section 10(23FBA) Deputy Commissioner of Income-tax v. Sundaram Alternative Opp Series High Yield Secured Debt fund Click Here Processing fees on NCD investments are intrinsically linked to investment risks and overall yield. They… 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 »