INCOME TAX CASE LAW 06.07.2026 Relevant Act Section Case Law Title / Issuing Authority Citation / Notification No. Brief Summary Income-tax Act, 1961 TDS Exemption (IFSC Units) Central Board of Direct Taxes (CBDT) Click Here Exempts TDS under Section 194 (noted as 393 in edit) on lease rent or supplemental lease rent paid to eligible… Read More »
INCOME TAX Case Law 04.07.2026 Relevant Act Section / Authority Case Law / Notification Title Citation Brief Summary Income-tax Act, 1961 Section 10(46) Notification No. 73/2026 Click Here CBDT grants income tax exemption to Mussoorie Dehradun Development Authority (MDDA) on specified incomes (grants, leases, bank interest, etc.) retrospectively for AYs 2022-23 and 2023-24. Income-tax Act,… Read More »
INCOME TAX CASE LAWS 03.07.2026 Relevant Act Section Case Law Title Citation Brief Summary Income-tax Act, 1961 Sec 2(15) Reliance Foundation Hospital Trust v. CIT (Exemptions) 2026 Click Here Offering premium rooms/high tariffs does not wipe out a hospital’s charitable nature as long as the generated surplus is devoted back to charitable purposes. Income-tax Act,… Read More »
INCOME TAX CASE LAWS 29.07.2026 Relevant Act Section Case Law Title Citation Brief Summary Income-tax Act, 1961 Sec. 32 LNW India Solutions (P.) Ltd. v. Assistant Commissioner of Income-tax / TPO Click Here Depreciation on goodwill arising from an amalgamation and recognized via the pooling-of-interest method cannot be denied under Sec. 32(1)(ii) in the absence… Read More »
INCOME TAX CASE LAWS 27.06.2026 Relevant Act Section Case Law Title Citation Brief Summary Income-tax Act, 1961 Sec 2(47) Income-tax Officer v. Ramesh Shankarlal Bhandari Click Here Relinquishing all development and possessory rights over a land parcel for a lump-sum consideration amounts to a ‘transfer’. The assessee is entitled to the full indexed cost… Read More »
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 »