27 IMPORTANT INCOME TAX LAWS 01.03.2025

(Last Updated On: March 13, 2025)

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	Click Here
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	Click Here
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

Income Tax Case Laws in February 2025

Income Tax Case Laws in January 2025