11 Important Income Tax case Law 22.02.2025
| Section | Case Law Title | Brief Summary | Citation |
| 26 | Nam Group Aslali v. AO, CPC | Income from co-owned property should be taxed in the hands of individual co-owners based on their respective shares.
Even if one member of the AOP is taxable at a rate higher than MMR, the entire income of the AOP will be taxed at MMR |
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| 54B | Rahul Bajpai v. Deputy Commissioner of Income-tax | Exemption under section 54B can be claimed if the land was used for agricultural purposes in the preceding two years. | CLICK HERE |
| 56 | Rahul Bajpai v. Deputy Commissioner of Income-tax | An Assessing Officer cannot venture into a different issue without converting a limited scrutiny into a complete scrutiny. | CLICK HERE |
| 56 | Smt. Kajari Banerjee v. Income-tax Officer | Section 56(2)(x) is not applicable to investments made before its insertion. | CLICK HERE |
| 69 | Smt. Kajari Banerjee v. Income-tax Officer | Additions under section 69 cannot be made for investments made through banking channels. | CLICK HERE |
| 69 | Prem Singh Saluja v. Income-tax Officer | Reassessment proceedings cannot be initiated based on a benami transaction that is under adjudication. | CLICK HERE |
| 148 | Rohit Baveja v. Principal Commissioner of Income-tax | A notice under section 148 cannot be issued in the name of a deceased person. | CLICK HERE |
| 151 | Prem Singh Saluja v. Income-tax Officer | The date of sanction for a notice under section 148 is the date of uploading on the ITBA portal. | CLICK HERE |
| 271(1)(c) | Hicons Developers v. Deputy Commissioner of Income-tax, Central Circle-36 | The assessee should be given an opportunity to argue against a penalty imposed by the Tribunal. | CLICK HERE |
| 275 | Property Plus Realtors v. Union of India | Penalty proceedings under section 271DA can be initiated within 11 days of the culmination of assessment proceedings. | CLICK HERE |
| 276CC | Rajkumar Agarwal v. Income-tax Department | Prosecution can be initiated for willful and deliberate delay in filing returns. | CLICK HERE |
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