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Supreme Court judgments on Section 2, Income Tax Act, 1961

9 judgments, latest first, from 2019 to 2026. Listed when the Supreme Court Reports file the judgment's headnote under Section 2 of this Act, as printed at the start of the headnote. Judgments that only mention it in passing are not listed.

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…
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.
Mansarovar Commercial Pvt. Ltd. vs Commissioner of Income Tax, Delhi
SC · 10 April 2023
[2023] 8 S.C.R. 452 : 2023 INSC 330
Constitution of India – The Constitution (Thirty Sixth Amendment) Act, 1975 – Art. 371-F – Sikkim State Income-Tax Manual, 1948 – Sikkim (Collection of Taxes and Prevention of Evasion of Payment of Taxes) Act, 1987 – Inc…
Pr. Commissioner of Income Tax (Exemptions) Delhi vs Servants of People Society
SC · 31 January 2023
[2023] 1 S.C.R. 865 : 2023 INSC 88
Income Tax Act, 1961: ss. 2(15) and 11(1) – Charitable trust – Benefit of exemption – Entitlement to – On facts, assessee-registered society founded in 1921 for nation building, general awareness and welfare of the peopl…
Assistant Commissioner of Income Tax (Exemptions) vs Ahmedabad Urban Development Authority
SC · 3 November 2022
[2022] 8 S.C.R. 581 : 2022 INSC 1155
Income Tax Act, 1961: s.2(15) – Revenue sought clarification of the judgment dated 19.10.2022 – The said judgment considered the interpretation of s.2(15) in relation to charitable trusts which engage in activities that…
Assistant Commissioner of Income Tax (Exemptions) vs Ahmedabad Urban Development Authority
SC · 19 October 2022
[2022] 15 S.C.R. 899 : 2022 INSC 1112
Income Tax Act 1961: ss. 2(15) proviso – Tax exemption – Claim of, by Charitable institutions advancing an object of generally public utility-GPU – ‘Charitable Purpose’ – Interpretation of – Term of “any other object of…
Principal Commissioner of Income Tax (Central) – 2 vs M/s. Mahagun Realtors (P) Ltd.
SC · 5 April 2022
[2022] 4 S.C.R. 502 : 2022 INSC 389
Income Tax Act, 1961 – ss. 2(1A), 2(31) and 170(2) – Amalgamation of companies – Effect of amalgamation in the context of income tax – Held: The combined effect of s.394(2) of the Companies Act, 1956, s.2(1A) and various…
Union of India & Anr. vs U.A.E. Exchange Centre
SC · 24 April 2020
[2020] 4 S.C.R. 719 : 2020 INSC 354
Income Tax Act, 1961: ss.2(24), 90 – Double Taxation Avoidance Agreement (DTAA) – Respondent, a company incorporated in the UAE was engaged in offering remittance services for transferring amounts from UAE to various pla…
Pr. Commissioner of Income Tax, New Delhi vs Maruti Suzuki India Limited
SC · 25 July 2019
[2019] 9 S.C.R. 799 : 2019 INSC 815
Income Tax Act, 1961 – ss.143(2), 292B and ss.2(31), 92CA(3), 142(1), 144C (15)(b), 148, 153(1), 153(4), 170(2), 260A – Assessee, joint venture between Suzuki Motor Corporation and Maruti Suzuki India Limited (MSIL) was…

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