12 IMPORTANT INCOME TAX CASE LAW 20.02.2025
| Section | Case Law Title | Brief Summary | Citation |
| 10(38) | Nimesh Maheshbhai Shah HUF thro Nimesh Maheshbhai Shah v. Income-tax officer | Reassessment notice is not justified if the assessee has fully and truly disclosed all material facts. |
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| 11 | ITO (Exemption) Ward- Jaipur v. Rajasthan Cricket Association | Provision for expenses not claimed as applied income during the year need not be disallowed. | Click Here |
| 12A | Inclusive Recycling Foundation v. Commissioner of Income-tax, Exemption | Application for registration under section 12A(1)(ac)(vi) can be treated as filed under section 12A(1)(ac)(iii) if no adverse finding is given on merits. | Click Here |
| 22 (CA Act) | M. Joseph Louis Aloysius v. Institute of Chartered Accountants of India | Dishonor of cheques by a CA may or may not constitute misconduct, depending on the facts and circumstances. | Click Here |
| 22 | Smt. Shivani Madan v. Principal Commissioner of Income-tax | Income from a property cannot be taxed equally in the hands of both owners if one has obtained benefits. | Click Here |
| 37(1) | Indore Development Authority v. Deputy Commissioner of Income-tax (Exemption) | Various expenses incurred by a statutory authority can be allowed as business expenditure. | Click Here |
| 68 | Dy. Commissioner of Income-tax-1 (1) v. Agrawal Global Infratech (P.) Ltd. | Increase in share capital due to a business takeover and loans taken prior to the assessment year cannot be added as unexplained cash credit. | Click Here |
| 69A | Shah Maganlal Gulabchand Choksi v. ACIT | Unexplained Cash Deposits During Demonetization: Peak Credit Theory Rejected; Remand for Proper Verification | Click Here |
| 69A | Assistant Commissioner of Income-tax v. B.U. Bhandari Autolines (P.) Ltd. | Reassessment Notice for Bogus Sales Quashed Due to Lack of Independent Inquiry and Delay in Filing SLP | Click Here |
| 119 | Bharat Education Society v. Assessing Officer | Order Refusing Condonation of Delay in Filing Revised Return Set Aside; Matter Remanded to CBDT | Click Here |
| 194IA | Basavaraj Gurusiddappa Sindhur v. Income-tax Officer | Interest and late fees can be levied for delay in TDS deduction and payment, even if there was a genuine mistake. |
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| 276C | Income-tax Department v. Bioworth India (P.) Ltd. | Delayed payment of tax does not constitute a willful attempt to evade tax. SLP Dismissed with Question of Law Left Open | Click Here |
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