27 IMPORTANT INCOME TAX LAWS 01.03.2025

By | March 13, 2025
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27 IMPORTANT INCOME TAX LAWS 01.03.2025

Section Case Law Title Brief Summary Citation
4 Indus Towers Ltd v. DCIT Reconciliation of income discrepancies can lead to deletion of additions. Click Here
6 Oxford University Press v. Deputy Commissioner of Income-tax, (IT) Reopening of assessment is not justified based on information disclosed during a later assessment year.

Reopening Notice Quashed; No Failure to Disclose Material Facts; Change in Residential Status in Subsequent Year Not Grounds for Reopening

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12A Apna Charitable Trust v. Commissioner of Income-tax (Exemption) Rejection of registration applications without proper notice violates natural justice. Click Here
12AB Bijapur Jan Shikshan Sansthan v. Commissioner of Income-tax (Exemption) Rejection of registration application is justified if the assessee fails to provide necessary details. Click Here
28(i) Ashvin Dye-Chem Industries v. Income-tax Officer Reopening of assessment based solely on information from the insight portal is not justified. Click Here
32 Indus Towers Ltd v. DCIT Depreciation can be claimed on provisional capitalization and passive infrastructure assets. Click Here
32 Indus Towers Ltd v. DCIT Energy-saving devices are eligible for enhanced depreciation. Click Here
32 Indus Towers Ltd v. DCIT Depreciation can be claimed on assets acquired through a gift. Click Here
36(1)(iii) Indus Towers Ltd v. DCIT Interest on borrowed capital used for business purposes is deductible. Click Here
36(1)(iii) Asst. CIT v. T Bhimjyani Realty (P.) Ltd. Interest disallowance on interest-free advances is not justified if there is commercial expediency. Click Here
37(1) Indus Towers Ltd v. DCIT Salary expenditure, upfront fees, provisions for SLA credits, SR costs, and other expenses are deductible. Click Here
37(1) Indus Towers Ltd v. DCIT Expenses can be allowed based on documentary evidence. Click Here
37(1) Indus Towers Ltd v. DCIT Expenses incurred for abandoned projects are deductible. Click Here
37(1) Indus Towers Ltd v. DCIT Expenses accrued but not paid can be deducted under the mercantile system of accounting. Click Here
80G Agrasain Bhawan Trust Regd. v. Deputy Commissioner of Income-tax Application for registration under section 80G(5)(iii) can be considered even if filed after six months. Click Here
80G Bijapur Jan Shikshan Sansthan v. Commissioner of Income-tax (Exemption) Registration under section 80G(5)(iii) can be denied for non-compliance with requirements. Click Here
115JB Indus Towers Ltd v. DCIT Depreciation on assets acquired through a gift can be claimed for computing book profits. Click Here
119 Satyam Computer Services Ltd. v. Central Board of Direct Taxes CBDT can re-compute income based on investigations by CBI and SFIO. Click Here
119 Silicon Institute of Technology, BBSR v. Commissioner of Income-tax Minor delay in filing Form 10B can be condoned. Click Here
145 Asst. CIT v. T Bhimjyani Realty (P.) Ltd. Provisions for expenses can be allowed if based on estimates and past practices. Click Here
148 Deputy Commissioner of Income-tax v. Sterlite Technologies Ltd. Assessment orders issued in the name of a non-existent entity are invalid. Click Here
148 Ashvin Dye-Chem Industries v. Income-tax Officer Reopening of assessment based solely on information from the insight portal is not justified. Click Here
148 Monish Gajapati Raju Pusapati v. Assessment Unit Income-tax Department A minor error in issuing a notice under section 148 does not invalidate it. Click Here
148A Vivo Mobile India (P.) Ltd. v. Assistant Commissioner of Income tax Reopening of assessment is not justified if the assessee was not given an opportunity to explain. Click Here
194C Accounts Officer, BSNL v. Deputy Commissioner of Income-tax, TDS Incorrect TDS deduction can lead to interest liability under section 201(1A). Click Here
254 Vijay Shrinivasrao Kulkarni v. Income-tax Appellate Tribunal ITAT must address procedural irregularities like ex-parte orders.

ITAT Order Quashed; Ex-Parte Assessment and Appeal Dismissal Violate Natural Justice

 

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271(1)(c) Ganesh Prasad Khetan v. Deputy Commissioner of Income-tax Penalty under section 271(1)(c) cannot be imposed without a clear show-cause notice. Click Here

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