INCOME TAX CASE LAW 01.08.2026 Relevant Act Section Case Law Title Brief Summary Citation Income-tax Act, 1961 Section 2(15) Amaltash Residents Welfare Association v. CIT(E) Activities limited strictly to RWA members with benefits confined to a determinate group are governed by the principle of mutuality and do not qualify as “charitable.” Rejection of Sec 12AB… Read More »
INCOME TAX CASE LAWS 31.07.2026 Relevant Act Section Case Law Title Brief Summary Citation Prevention of Money Laundering Act, 2002 Section 2 Cochin Minerals and Rutile Ltd. v. Directorate of Enforcement Proceeds of crime investigation and attachment actions under PMLA can start without an FIR/complaint for the scheduled offence; existence of an FIR is not… Read More »
INCOME TAX CASE LAWS 28.07.2026 Relevant Act Section Case Law Title / Item Title Brief Summary Citation Income-tax Act, 2025 Section 509, Rules 241-244 CBDT Guidance Note on Crypto-Asset Reporting Explains reporting obligations for Crypto-Asset Service Providers (RCASPs), due diligence, compliance, and includes OECD-aligned CARF FAQs. Click Here Income-tax Act, 2025 Sections 247, 248 CBDT… Read More »
INCOME TAX CASE LAWS 27.07.2026 Relevant Act Section Case Law Title Citation Brief Summary Income-tax Act, 1961 Section 4 Burgess English Senior Secondary School v. ITO Click Here Applying the principle of consistency, the school’s income/surplus could not be assessed in its hands since the AO had accepted its claim in earlier years that it… Read More »
INOCME TAX CASE LAWS 27.07.2026 Relevant Act Section Case Law Title Brief Summary Citation Income-tax Act, 1961 Section 4 Burgess English Senior Secondary School v. ITO Applying the principle of consistency, where the AO accepted in earlier years that the school was part of CDBE and its income formed part of CDBE’s accounts, the surplus… Read More »
INCOME TAX CASE LAWS 24.07.2026 Section Case Law Title / Source Brief Summary Citation Relevant Act N/A India-Mauritius DTAA Amendment Protocol approved to amend the India-Mauritius DTAA to curb treaty shopping by revising the preamble and introducing the Principal Purpose Test (PPT) to deny treaty benefits for abusive arrangements. Click Here Income-tax Act, 1961 /… Read More »
INCOME TAX CASE LAW 23.07.2026 INCOME TAX CASE LAW 23.07.2026 Section Case Law Title / Ref. Brief Summary Citation Relevant Act Rule 157 Notification No. 94/2026 CBDT widened the definition of ‘specified fund’ under Rule 157 to include Cat-I and Cat-II AIFs regulated by SEBI/IFSCA in an IFSC, alongside Schedule VI funds. Click Here Income-tax… Read More »
INCOME TAX CASE LAWS 22.07.2026 Section Case Law Title Brief Summary Citation Relevant Act Section 2(14) Sonu Grover v. Income-tax Officer Verification of actual distance from municipal limits using Tehsildar’s certificate and Google Maps was required to determine whether land sold was a rural agricultural land exempt from capital gains; matter remanded for fresh adjudication.… Read More »
INCOME TAX CASE LAWS 21.07.2026 Relevant Act Section Case Law Title Citation Brief Summary Black Money Act, 2015 Section 2 Vijendra Kedia v. DDIT (Inv.) & ACIT Click Here Notice/assessment quashed as a Not Ordinarily Resident was not an ‘assessee’ under Section 2(2) at notice issuance. Black Money Act, 2015 Section 10 Vijendra Kedia v.… Read More »
INCOME TAX CASE LAWS 20.07.2026 Here is the structured summary of the notifications and judicial precedents organized by Section, Case Title, Brief Summary, Citation, and Relevant Act. Relevant Act Section / Rule Case Title / Authority Citation / Ref. No. Brief Summary Income-tax Act, 2025 Sec 2(112) CBDT Notification Click Here Notifies NaBFID’s 10-year Zero-Coupon… Read More »