INCOME TAX CASE LAW DIGEST 16.06.2026 INCOME TAX CASE LAW DIGEST 16.06.2026 Relevant Act Section Case Law Title Brief Summary Citation Income Tax Act, 1961 Section 11 National Academy of Agricultural Sciences v. Income-tax Officer Receipts from providing commercial conference and auditorium facilities are not incidental to charitable objects and constitute taxable business income under… Read More »
INCOME TAX CASE LAWS 16.07.2026 INCOME TAX CASE LAWS 16.07.2026 Here is the structured summary of the case laws compiled into a clean, scannable table for your reference. Relevant Act Section Case Law Title Citation Brief Summary Income-tax Act, 1961 Section 2(14) Superb Infotech (P.) Ltd. v. Deputy Commissioner of Income-tax 2026 Click Here Profit… Read More »
INCOME TAX CASE LAWS 14.07.2026 Relevant Act Section / Authority Case Law Title / Notification No. Citation Brief Summary Income-tax Act, 2025 Sec. 147 Notification No. 80/2026, Dated 10-07-2026 Click Here CBDT exempts specified payments (interest, dividends, professional fees, commission, etc.) to 14 categories of eligible IFSC units from TDS. Relief applies for 20 consecutive… Read More »
INCOME TAX CASE LAWS 13.07.2026 INCOME TAX CASE LAWS 13.07.2026 Section Case Law Title / Notification Brief Summary Citation Relevant Act Notification F. NO. 225/73/2025-ITA-II, Dtd 08-07-2026 CBDT authorizes the DGIT (Systems) to upload foreign tax information received under the Automatic Exchange of Information (AEOI) framework directly to the Annual Information Statement (AIS) within specified… Read More »
INCOME TAX CASE LAW 10.07.2026 Relevant Act Section Case Law Title Brief Summary Citation Income-tax Act, 1961 Section 2(14) Ketan Pravinchandra Kamdar v. Deputy Commissioner of Income-tax Surrendering an allotment right to a flat constitutes a capital asset; compensation received for its relinquishment is taxable as capital gains, making any resultant long-term capital loss allowable.… Read More »
INCOME TAX CASE LAWS 09.07.2026 INCOME TAX CASE LAWS 09.07.2026 Section Case Law Title / Notification Brief Summary Citation Relevant Act Section 10(23EE) & Section 11 / Sch III Notification: S.O. 3683(E) & S.O. 3684(E), Dtd 07-07-2026 CBDT notifies the Core Settlement Guarantee Fund set up by National Commodity Clearing Limited (NCCL) for tax exemption… Read More »
INCOME TAX CASE LAWS 07.07.2026 Relevant Act Section Case Law Title Citation Brief Summary Income-tax Act, 1961 Section 2(14) Sundaramahalingam Narayanan v. Income-tax Officer Click Here No capital gains are chargeable if the Revenue fails to prove that the agricultural land sold falls within a municipality covered by a valid notification under Section 2(14)(iii)(b). Income-tax… Read More »
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 »