8 IMPORTANT INCOME TAX LAWS 26.02.2025

Section	Case Law Title	Brief Summary	Citation
2(14)	Balbir Singh v. Assistant Commissioner of Income-tax	Assessment without a notice under section 143(2) is invalid.	Click Here
12AA	Board of Control for Cricket in India v. Assistant Commissioner of Income-tax	A tribunal cannot examine the merits of a communication/order that does not amount to cancellation or withdrawal of registration.	Click Here
12AB	Simple vedas foundation v. CIT (Exemptions)	A show-cause notice must be issued before rejecting a registration application.	Click Here
40(a)(i)	Pr. Commissioner of Income-tax v. Mangalore Refinery and Petrochemicals Ltd.	The disputed tax under the Vivad Se Vishwas scheme is 50% of the original demand.	Click Here
56	Jayantilal Umashankar Chavji v. National E Assessment Centre	Adjustment of GST value in property consideration does not fall under section 56(2)(x). GST Adjustment in Property Value Not a Gift Under Section 56(2)(x)	Click Here
69	Sarika Kansal v. Assistant Commissioner of Income-tax	Reassessment cannot be based on an issue already examined and accepted in a previous assessment.	Click Here
80G	Bhagwan Mahaveer Jain Relief Trust v. Commissioner of Income-tax (Exemption)	A show-cause notice must be issued before rejecting an application for registration under section 80G.	Click Here
115J	KEC International Ltd. v. Deputy Commissioner of Income-tax	The issue of decapitalization of interest can be examined . Revision Order Under Section 263 Upheld; Assessing Officer’s Failure to Examine Book Profits Justified Revision	Click Here

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