Supreme Court judgments on Income Tax Act, 1961

114 judgments, latest first, from 2018 to 2026. Listed when the Supreme Court Reports file the judgment's headnote under this Act, as printed at the start of the headnote. Judgments that only mention it in passing are not listed.

Sections

Section 2 9 Section 10 5 Section 28 6 Section 143 7 Section 148 5

Assistant Commissioner of Income Tax & Another vs M/s Omaxe Limited

SC · 16 September 2026

[2026] 10 S.C.R. 154 : 2026 INSC 1000

Whether, notwithstanding an Order u/s.245D(4) of the Income Tax Act, 1961, the Assessing Officer (AO) has jurisdiction u/s.148 of the Act, 1961, to propose reassessment of an aspect covered by the Settlement Order.

L.K. Trust vs Commissioner of Income Tax & Anr.

SC · 7 May 2026

[2026] 5 S.C.R. 567 : 2026 INSC 474

Issue arose whether the appellant - assessee is entitled to a deduction of Rs.21,74,234/- being the interest paid by it in respect of the loan availed from the Corporation Bank u/s.36(1)(iii) of the Income Tax Act 1961.

M/s Jindal Equipment Leasing Consultancy Services Ltd. vs Commissioner of Income Tax Delhi – II, New Delhi

SC · 9 January 2026

[2026] 1 S.C.R. 517 : 2026 INSC 46

Issue arose as regards taxability of gains said to arise on amalgamation, where shares of the amalgamating company held by the assessees as stock-in-trade, stand substituted by shares of the amalgamated company; whether…

Delhi Development Authority vs Corporation Bank & Ors.

SC · 25 September 2025

[2025] 9 S.C.R. 1559 : 2025 INSC 1161

Whether in the facts and circumstances of the case, the auction was per se illegal being conducted in violation of the terms and conditions of the lease deed and the provisions of the Income Tax Act, 1961 and Income Tax…

Vijay Krishnaswami @ Krishnaswami Vijayakumar vs The Deputy Director of Income Tax (Investigation)

SC · 28 August 2025

[2025] 8 S.C.R. 2199 : 2025 INSC 1048

Whether continuation of the prosecution initiated by the revenue u/s.276C(1), Income Tax Act, 1961 against the appellant after passing an order by the Settlement Commission, would amount to abuse of process of Court; whe…

Assistant Commissioner of Income Tax (International Taxation) & Others vs Shelf Drilling Ron Tappmeyer Ltd. Etc.

SC · 8 August 2025

[2025] 8 S.C.R. 1574 : 2025 INSC 946

The present matter raised important questions of law relating to interpretation and interplay between Section 144C and Section 153(3) of the Income Tax Act, 1961. The question for consideration was on the applicability o…

Gujarat Urja Vikas Nigam Limited vs Green Infra Corporate Wind Private Limited and Others Etc.

SC · 4 August 2025

[2025] 8 S.C.R. 345 : 2025 INSC 922

Whether the four respondent companies were entitled to approach the Gujarat Electricity Regulatory Commission (GERC) for determination of the tariff for procurement of power by Appellant-GUVNL from their wind energy proj…

Hyatt International Southwest Asia Ltd. vs Additional Director of Income Tax

SC · 24 July 2025

[2025] 7 S.C.R. 1497 : 2025 INSC 891

Issue arose whether the appellant, a tax resident of the UAE, has a Permanent Establishment-PE in India u/Art.5(1) of the Indo-UAE Double Taxation Avoidance Agreement-DTAA, and consequently, whether its income derived un…

Jaykishor Chaturvedi & Etc. vs Securities and Exchange Board of India

SC · 15 July 2025

[2025] 8 S.C.R. 138 : 2025 INSC 846

Whether interest on penalties imposed by the Adjudicating Officer is payable by the appellants, and if so, from which date- whether from the date of the adjudication orders passed by the Adjudicating Officer or the deman…

Shital Fibers Limited vs Commissioner of Income Tax

SC · 20 May 2025

[2025] 5 S.C.R. 1248 : 2025 INSC 743

Deductions claimed cumulatively under the provisions of s.80-HHC and s.80-IA or s.80-IB under Heading ‘C’ of Chapter VI-A, Income Tax Act, 1961, if can be allowed; scope of restriction u/sub-section (9) of s.80-IA, Incom…

K. Krishnamurthy vs The Deputy Commissioner of Income Tax

SC · 13 February 2025

[2025] 2 S.C.R. 557 : 2025 INSC 208

Matter pertains to imposition of penalty u/s.271AAA of the Income Tax Act, 1961 on undisclosed income in the specified previous year.

Vinubhai Mohanlal Dobaria vs Chief Commissioner of Income Tax & Anr.

SC · 7 February 2025

[2025] 2 S.C.R. 476 : 2025 INSC 155

Whether an offence u/s.276CC of the Income Tax Act, 1961 could be said to have been committed on the actual date of filing of return of income or on the day immediately after the due date for filing of returns as per s.1…

Principal Commissioner of Income Tax-4 & Anr. vs M/s Jupiter Capital Pvt. Ltd.

SC · 2 January 2025

[2025] 1 S.C.R. 431 : 2025 INSC 38

Whether reduction in share capital is covered under “sale, exchange or relinquishment of the asset” used in Section 2(47) of the Income Tax Act, 1961.

Bank of Rajasthan Ltd. vs Commissioner of Income Tax

SC · 16 October 2024

[2024] 10 S.C.R. 860 : 2024 INSC 781

Issue arose as regards the treatment to be given to broken period interest, whether a deduction of the broken period interest can be claimed by the Bank, purchaser of the government Securities.

Union of India & Ors. vs Rajeev Bansal

SC · 3 October 2024

[2024] 10 S.C.R. 1633 : 2024 INSC 754

Whether after 01 April 2021, the Income Tax Act, 1961 has to be read along with the substituted provisions; whether Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act 2020 (TOLA) will continue t…

Ravi Agrawal vs Union of India & Another

SC · 20 August 2024

[2024] 8 S.C.R. 788 : 2024 INSC 648

Matter pertains to the issue that if the amendment to s.80DD of the Income Tax Act, 1961 can be given retrospective effect.

The Excise Commissioner Karnataka & Anr. vs Mysore Sales International Ltd. & Ors.

SC · 8 July 2024

[2024] 7 S.C.R. 287 : 2024 INSC 484

Whether provisions of Section 206C of the Income Tax Act is applicable in respect of the appellant and whether the liquor vendors (contractors) who bought the vending rights from the appellant on auction, can be termed a…

Shaji Poulose vs Institute of Chartered Accountants of India & Others

SC · 17 May 2024

[2024] 6 S.C.R. 777 : 2024 INSC 451

Council of the Institute of Chartered Accountants of India, if competent to impose, by way of Guidelines, a numerical restriction on the maximum number of tax audits that could be accepted by a Chartered Accountant, u/s.…

All India Bank Officers’ Confederation vs The Regional Manager, Central Bank of India and Others

SC · 7 May 2024

[2024] 5 S.C.R. 906 : 2024 INSC 389

I. Does Section 17(2)(viii) of the Income Tax Act, 1961 and/or Rule 3(7)(i) of the Income Tax Rules, 1962 lead to a delegation of the ‘essential legislative function’ to the Central Board of Direct Taxes? II. Is Rule 3(7…

Puneet Sabharwal vs CBI

SC · 19 March 2024

[2024] 3 S.C.R. 679 : 2024 INSC 221

The charges were framed against the appellants. While the charge against the appellant-P was u/s. 109 IPC r/w. s.13(1) (e) and 13(2) of the Prevention of Corruption Act, 1988, the charge against appellant-R was u/s. 13(1…

Bharti Cellular Limited (Now Bharti Airtel Limited) vs Assistant Commissioner of Income Tax, Circle 57, Kolkata and Another

SC · 28 February 2024

[2024] 2 S.C.R. 1001 : 2024 INSC 148

The liability to deduct tax at source u/s.194-H, Income Tax Act, 1961 on the amount which, as per the Revenue, is a commission payable to an agent by the assessees-cellular mobile telephone service providers under the fr…

M/s Mangalam Publications, Kottayam vs Commissioner of Income Tax, Kottayam

SC · 23 January 2024

[2024] 1 S.C.R. 642 : 2024 INSC 53

Reopening of a concluded assessment-reassessment u/s. 147 of the Income Tax Act, 1961 following issuance of notice u/s. 148 of the Act, legally sustainable or bad in law.

Case Details Commissioner of Income Tax vs M/s Jindal Steel & Power Limited through Its Managing Director

SC · 6 December 2023

[2023] 16 S.C.R. 484 : 2023 INSC 1053

All the appeals are by the revenue assailing orders of various high courts dismissing its appeals filed u/s. 260A of the Income Tax Act, 1961 – The core and common issue raised in all the appeals is the recomputation of…

Case Details Commissioner of Income Tax 14 vs Jasjit Singh

SC · 26 September 2023

[2023] 13 S.C.R. 706 : 2023 INSC 882

In search and seizure, the Assessing Officer was of the opinion that some documents and material “belonging to” the respondents(s) assessee, were involved – Notice was issued by the concerned jurisdictional A.Os. to the…

Case Details Kotak Mahindra Bank Limited vs Commissioner of Income Tax Bangalore and Anr.

SC · 25 September 2023

[2023] 14 S.C.R. 1 : 2023 INSC 855

Whether the Division Bench of the High Court was right in affirming the findings of the Single Judge, to the effect that the Settlement Commission ought not to have exercised discretion u/s. 245H of the Income Tax Act, 1…

Case Details Kerala State Co-Operative Agricultural and Rural Development Bank Ltd. Kscardb vs The Assessing Officer, Trivandrum and Ors.

SC · 14 September 2023

[2023] 12 S.C.R. 318 : 2023 INSC 830

Whether the appellant-assessee, a cooperative society, is entitled to claim deduction of the whole of its profits and gains of business attributable to the business of banking or providing credit facilities to its member…

Secundrabad Club etc. vs C.I.T.-V etc.

SC · 17 August 2023

[2023] 12 S.C.R. 979 : 2023 INSC 736

Whether the deposit of surplus funds by the assessee Clubs by way of bank deposits in various banks is liable to be taxed in the hands of the Clubs or, whether, the principle of mutuality would apply and the interest ear…

M/s. D. N. Singh vs Commissioner of Income Tax, Central, Patna and Another

SC · 16 May 2023

[2023] 7 S.C.R. 530 : 2023 INSC 543

Income Tax Act, 1961 – s.69A – Scope and applicability of – s.69A deals with unexplained money, bullion, jewellery or other valuable articles – Deeming effect of the provision – When applicable – Ambit of the word ‘owner…

Commissioner of Income Tax 8 Mumbai vs Glowshine Builders & Developers Pvt. Ltd.

SC · 4 May 2023

[2023] 7 S.C.R. 1004 : 2023 INSC 492

Income Tax Act, 1961 – s.142, 143 – Non-disclosure of amount – Dispute related to the Assessment year (AY) 2009-10 i.e. Financial Year (FY) 2008-09 – Assessee entered into an agreement whereby development rights in a pro…

Jagdish Transport Corporation & Ors. vs Union of India and Ors.

SC · 28 April 2023

[2023] 5 S.C.R. 321 : 2023 INSC 453

Income Tax Act, 1961 – ss.245, 245C(1), 245HA, 245D – Application u/s.245C(1) was filed by the appellants before the Settlement Commission – Order dtd. 31.03.2008 passed by the Settlement Commission – High Court while di…

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