11 IMPORTANT INCOME TAX LAWS 27.02.2025

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

Section Case Law Title Brief Summary Citation
2(14) Income-tax Officer v. Smt. Laxmiben Amratlal Patel A tribunal cannot recall an order to examine a matter not raised before it. Click Here
2(15) JCIT-OSD(E) v. Gujarat Housing Board Receipts of statutory bodies for public functions are not business income. Click Here
10 Arun 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
12A Shri Panchmurti Education Society v. Income-tax Officer Amendment to section 12A(1)(b) is effective from AY 2018-19. Click Here
12A Shri Panchmurti Education Society v. Income-tax Officer Exemption under section 11 can be claimed even if Form 10B is filed later. Click Here
50 Johnson & 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
68 Smt. Vimladevi Parasmal Jain v. Income-tax Officer Addition under  Section 68 not applicable where the assessee has not maintained books of accounts Click Here
80G Jal Minocher Mistry Memorial Foundation v. CIT (Exemption) A show-cause notice must be issued before rejecting an application under section 80G. Click Here
119 Principal Commissioner of Income-tax v. Subash Menon A refund claim filed after the prescribed time limit of 6 years cannot be allowed.  

Click Here

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

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

 Click Here

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