Top 10 Tax Law Judgments - February 2026 | LegalWiki

Key Supreme Court and High Court Rulings in Tax Law

In February 2026, the Supreme Court and various High Courts across India delivered important judgments shaping the landscape of Taxation Law.

Govt Can Withdraw Tax Concessions in Public Interest: Supreme Court

The Supreme Court has ruled that tax concessions granted by the government do not create an "indefeasible right" for recipients to claim them indefinitely. Read more.

CBI Court Sentences Seven, Including Former Tax Official and Policeman, in ₹2.38 Crore IT Refund Fraud

A special CBI court in Chennai has sentenced seven people, including a former Senior Tax Assistant of the Income Tax Department and a police inspector, to four years of rigorous imprisonment and imposed a total fine of ₹2.4 lakh in an income tax refund fraud case. Read more.

Flipkart Gets Relief as CESTAT Rejects Customs’ Enhanced Valuation of Imports

The CESTAT Mumbai held that customs authorities cannot increase the value of imported goods without proper proof of undervaluation. Read more.

Supreme Court Refuses to Strike Down Income Tax Search Powers Under New 2025 Act

The Supreme Court refused to entertain a challenge to the constitutional validity of search and seizure powers under Section 132 of the Income Tax Act, 1961, and Section 247 of the new Income Tax Act, 2025. Read more.

CESTAT: Ready Rotis Classifiable as Bread; Exempts Product from 12.5% Excise Duty

The New Delhi Bench of the CESTAT held that "Ready Roti" manufactured by Ready Roti India Pvt. Ltd. is classifiable as bread rather than packaged food. Read more.

Supreme Court Holds Rooh Afza Taxable as Fruit Drink, Says Marketing Labels Not Decisive

The Supreme Court held that Rooh Afza is classifiable as a fruit drink under the UPVAT Act and taxable at the concessional rate of 4%, rejecting the State’s decision to tax it at 12.5% under a residuary entry. Read more.

Kerala High Court: Bona Fide Error in Revised TRAN Forms Can’t Deny Transitional ITC

The Kerala High Court has held that a bona fide mistake in revised TRAN-1 and TRAN-2 forms cannot justify the denial of transitional Input Tax Credit when no tax evasion is alleged. Read more.

Delhi High Court: Non-Declaration of Gold at Green Channel Not Automatically Smuggling

The Delhi High Court held that mere non-declaration of gold at the Green Channel does not automatically amount to smuggling, warranting absolute confiscation. Read more.

Supreme Court Issues Notice on Challenge to CESTAT Ruling Against Altering FOB Value by Customs

The Supreme Court has issued notice on an appeal by the Commissioner of Customs (Appeals) challenging a decision of the Customs Excise and Service Tax Appellate Tribunal, New Delhi, which held that Customs officers cannot alter the Free on Board (FOB) value agreed between buyer and seller. Read more.

ITAT Delhi: No Material to Reopen Mukul Rohatgi’s ₹133.46 Crore Assessment

The ITAT Delhi held that revisional powers under Section 263 cannot be exercised in the absence of material showing error and prejudice to Revenue, and set aside the revision against Senior Advocate Mukul Rohatgi. Read more.

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