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 LAWS DIGEST 08.06.2026 Relevant Act Section Case Law Title Citation Brief Summary Income Tax Act, 1961 Section 192 & Section 201 State Bank of India vs. ITO, TDS Click Here The assessee-bank was held liable as an “assessee in default” under section 201 because it failed to deduct TDS under section 192… Read More »
INCOME TAX CASE LAWS 30.05.2026 INCOME TAX CASE LAWS Relevant Act Section Case Law Title Citation Brief Summary Income-tax Act, 1961 Sec 2(14) Jignesh Harshadbhai Patel v. Income-tax Officer Click Here Jointly owned agricultural land located beyond municipal limits does not constitute a “capital asset”. No capital gains addition is sustainable, especially when identical transactions… Read More »
INCOME TAX CASE LAWS 28.05.2025 Relevant Act Section Case Law Title Brief Summary Citation Income-tax Act, 1961 Sec. 2(47) Deputy Commissioner of Income-tax v. Sunil Kumar Sood Capital Gains (Transfer): Land financed by HBPL was transferred to it in FY 2016-17 to settle a loan liability via an arbitral award. The transfer was effective only… Read More »
New Case Laws GST and Income Tax I Very useful I CA Satbir Singh