11 IMPORTANT INCOME TAX LAWS 27.02.2025

By | March 12, 2025
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11 IMPORTANT INCOME TAX LAWS 27.02.2025

SectionCase Law TitleBrief SummaryCitation
2(14)Income-tax Officer v. Smt. Laxmiben Amratlal PatelA tribunal cannot recall an order to examine a matter not raised before it.Click Here
2(15)JCIT-OSD(E) v. Gujarat Housing BoardReceipts of statutory bodies for public functions are not business income.Click Here
10Arun Mammen v. Deputy Director of Income-tax (Investigation)Black Money Act proceedings cannot continue after a dispute is settled under Chapter XIX-A.Click Here
12AShri Panchmurti Education Society v. Income-tax OfficerAmendment to section 12A(1)(b) is effective from AY 2018-19.Click Here
12AShri Panchmurti Education Society v. Income-tax OfficerExemption under section 11 can be claimed even if Form 10B is filed later.Click Here
50Johnson & Johnson (P.) Ltd. v. Dy. Commissioner of Income-tax, Circle – 7(1)Capital gains on the sale of trademarks acquired before 01-04-1998 are LTCG.Click Here
68Smt. Vimladevi Parasmal Jain v. Income-tax OfficerAddition under  Section 68 not applicable where the assessee has not maintained books of accountsClick Here
80GJal Minocher Mistry Memorial Foundation v. CIT (Exemption)A show-cause notice must be issued before rejecting an application under section 80G.Click Here
119Principal Commissioner of Income-tax v. Subash MenonA refund claim filed after the prescribed time limit of 6 years cannot be allowed. 

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143Hexa Steel and Power (P.) Ltd. v. National Faceless Assessment CentreThe sequence of notices under sections 142(1) and 143(2) is not material.Click Here
148ASrimani Basu v. Income-tax OfficerA reopening notice can be quashed if it is not properly served.

Section 148A Notices; Assessee’s Duty to Update Address, but Fresh Notice Issued

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