INCOME TAX CASE LAWS 26.10.2026 Archives - Tax Heal https://www.taxheal.com/tag/income-tax-case-laws-26-10-2026 Complete Guide for Income Tax and GST in India Tue, 27 Oct 2026 08:05:05 +0000 en-US hourly 1 https://wordpress.org/?v=7.1.3 INCOME TAX CASE LAWS 26.10.2026 https://www.taxheal.com/income-tax-case-laws-26-10-2026.html Tue, 27 Oct 2026 08:05:05 +0000 https://www.taxheal.com/?p=142984 INCOME TAX CASE LAWS 26.10.2026   Here is the structured table containing the Relevant Act, Section, Case Law Title, Citation, and Brief Summary extracted from your text: Relevant Act Section Case Law Title Citation Brief Summary Income-tax Act, 1961 Section 12AB Indian Association of Colleges of Pharmachy v. Commissioner of Income-tax (Exemptions) Click here Denial… Read More »

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Here is the structured table containing the Relevant Act, Section, Case Law Title, Citation, and Brief Summary extracted from your text:
Relevant Act Section Case Law Title Citation Brief Summary
Income-tax Act, 1961 Section 12AB Indian Association of Colleges of Pharmachy v. Commissioner of Income-tax (Exemptions) Click here Denial of Section 12AB registration on grounds of mutuality required reconsideration after verifying charitable objects, genuineness of activities, and statutory bar on asset distribution.
Income-tax Act, 1961 Section 14A Thomson Reuters International Services (P.) Ltd. v. Commissioner of Income-tax (Appeal), NFAC Delhi Click here Disallowance under section 14A read with Rule 8D cannot be sustained when no exempt income was earned; Explanation to section 14A added by Finance Act 2022 is not retrospective.
Income-tax Act, 1961 Section 37(1) JSW Jaigarh Port Ltd. v. Principal Commissioner of Income-tax Officer Click here Revisionary jurisdiction under section 263 cannot be invoked merely due to perceived inadequacy of enquiry or to take a different view on legally tenable ESOP expenditure.
Income-tax Act, 1961 Section 50C Kashmira Rajnikant Doshi v. Income-tax Officer Ward 42(1)(3) Click Here Upon claim that stamp duty value exceeded fair market value on tenancy right surrender, the AO must examine statutory conditions and refer the matter to the DVO under section 50C(2).
Income-tax Act, 1961 Section 50C Kashmira Rajnikant Doshi v. Income-tax Officer Ward 42(1)(3) Click Here Section 50C applies to the surrender of tenancy rights in immovable property as they constitute capital assets representing property rights.
Income-tax Act, 1961 Section 69C Deputy Commissioner of Income-tax v. Maharashtra Seamless Ltd. Click here Aggregating distinct cash payments (each below Rs. 50 lakhs) from separate orders/events to invoke extended limitation under section 149(1)(b) is impermissible; notice issued beyond 3 years was invalid.
Income-tax Act, 1961 Section 72 Kodak India (P.) Ltd. v. Deputy Commissioner of Income-tax Click Here The tax computation sheet must strictly align with the assessment order by granting set-off of brought forward business losses and unabsorbed depreciation.
Income-tax Act, 1961 Section 80G Indian Association of Colleges of Pharmachy v. Commissioner of Income-tax (Exemptions) Click here Where section 80G approval was denied solely due to rejection of section 12AB registration, restoration of 12AB registration requires fresh reconsideration for 80G approval.
Income-tax Act, 1961 Section 92B Vaibhav Global Ltd. v. Deputy Commissioner of Income-tax Click Here Notional interest adjustment on AE receivables cannot be made if credit terms are uniform for AEs and non-AEs, unless preferential treatment is established; missing factual verifications require factual probe.
Income-tax Act, 1961 Section 92C Vaibhav Global Ltd. v. Deputy Commissioner of Income-tax Click Here For a material-intensive gemstone manufacturer, Berry ratio (OP/VAE) is inappropriate; assessee’s chosen PLI-CPM or TNMM (OP/OC) should be used for ALP determination.
Income-tax Act, 1961 Section 92C Kodak India (P.) Ltd. v. Deputy Commissioner of Income-tax Click Here Assigning 2:1 weight to NAV and DCF values under ‘other method’ provided a balanced TP adjustment for division sale; TPO’s adjustment based solely on DCF was deleted.
Income-tax Act, 1961 Section 92C Kodak India (P.) Ltd. v. Deputy Commissioner of Income-tax Click Here Resale Price Method is the appropriate method for determining ALP when importing finished goods without significant value addition or processing.
Income-tax Act, 1961 Section 92CE Kodak India (P.) Ltd. v. Deputy Commissioner of Income-tax Click Here Secondary adjustment and additional tax under section 92CE do not apply to deemed international transactions under section 92B where the counterparty is not an AE under section 92A.
Income-tax Act, 1961 Section 115JB Vaibhav Global Ltd. v. Deputy Commissioner of Income-tax Click Here AO cannot add transfer pricing adjustments while computing book profit for Minimum Alternate Tax (MAT) under section 115JB.
Income-tax Act, 1961 Section 148A Purshotam Kumar Hissaria v. Assistant Commissioner of Income-tax Click here Reassessment order under section 148A(3) passed without granting personal hearing despite a specific request violates natural justice and is unsustainable.
Income-tax Act, 1961 Section 153A Consistent Builders (P.) Ltd. v. ACIT Click here Limitation under section 153A r.w.s. 153C must be computed backwards from the assessment year in which the satisfaction note is recorded; assessment for AY 2011-12 was time-barred.
Income-tax Act, 1961 Section 153A Salgaocar Mining Industries (P.) ltd. v. Deputy Commissioner of Income-tax Click here For a search in July 2017, the 10-year look-back period limits assessment years to 2009-10 onwards, making proceedings for AY 2008-09 invalid and without jurisdiction.
Income-tax Act, 1961 Section 153C Shikhar Kailash Infratech Ltd. v. Deputy Commissioner of Income-tax Click Here Recording a single consolidated satisfaction note for multiple assessment years instead of year-specific notes invalidates jurisdiction under section 153C.
Income-tax Act, 1961 Section 153C Shikhar Kailash Infratech Ltd. v. Deputy Commissioner of Income-tax Click Here Initiation of proceedings under section 153C where satisfaction note is recorded after 01-04-2021 is barred by section 153C(3) and void ab initio.
Income-tax Act, 1961 Section 153C Shikhar Kailash Infratech Ltd. v. Deputy Commissioner of Income-tax Click Here Recording a satisfaction note 17 months after completing assessment of searched person vitiates assumption of jurisdiction under section 153C.
Income-tax Act, 1961 Section 270A Alwyn Sebastian Fernades v. Income-tax Officer Ckick Here Penalty under section 270A deleted as bona fide explanations and genuine transactions fell under exceptions in section 270A(6)(a).
Income-tax Act, 1961 Section 275 Isha Travels and Tours (P.) Ltd v. Assistant Commissioner of Income Click Here Due to embargo under section 275(1)(a), AO cannot proceed with penalty proceedings during the pendency of a quantum appeal before CIT(A); proceedings must be kept in abeyance.
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