IMPORTANT INCOME TAX CASE LAW 30.05.25

Section	Case Law Title	Brief Summary	Citation	Relevant Act
2(14)	Dharampal Saghera v. Income-tax Officer	Compensation received in family settlement for relinquishing possession and claim of property is capital gain, not income from other sources.	Click Here	Income-tax Act, 1961
10(23C)	Institute Management Committee ITI Jhalawar v. Income-tax Officer	Exemption under section 10(23C)(iiiad) not denied solely for belated return if aggregate receipts are below specified limit and compliance not mandated.	Click Here	Income-tax Act, 1961
12AB, 80G	Shriram Paropkari Trust v. Commissioner of Income-tax Exemption	Delay of 33 days in filing appeal condoned as management was unaware of order sent to email ID.	Click Here	Income-tax Act, 1961
12AB	Shriram Paropkari Trust v. Commissioner of Income-tax Exemption	Matter restored for fresh adjudication; reasons for rejection (illegible trust deed, incomplete Form 10AB, non-registration under Rajasthan Public Trust Act, genuineness) were curable.	Click Here	Income-tax Act, 1961
12AB	Siwanchi Oswal Jain Bhavan Trust v. Commissioner of Income-tax (Exemptions)	Matter set aside for fresh adjudication; rejection based on financial statement not suggesting cost towards charitable activity was unjustified as no material proved non-charitable objectives.	Click Here	Income-tax Act, 1961
32(1)(ii)	Olympic Decor LLP v. PR. Commissioner of Income-tax-3	Goodwill arising from amalgamation is a valid intangible asset eligible for depreciation.	Click Here	Income-tax Act, 1961
35(1)(ii)	DCIT v. Avra Laboratories (P.) Ltd.	Donation for auditorium construction at Indian Institute of Science is eligible for deduction under section 35(1)(ii) as it facilitates scientific research activities.	Click Here	Income-tax Act, 1961
43CA	Gaurav Investments v. Deputy Commissioner of Income-tax	Proviso to section 43CA allowing 10% tolerance band is retrospective; no addition warranted if difference within limit.	Click Here	Income-tax Act, 1961
48	Sh. Vijay Rai Marwaha v. ACIT	Reasonable lump sum value adopted for cost of acquisition when divergent valuation reports are submitted.	Click Here	Income-tax Act, 1961
50C	Sh. Vijay Rai Marwaha v. ACIT	Section 50C Inapplicable if Actual Sale Price Exceeds Stamp Duty Value	Click Here	Income-tax Act, 1961
68, 263	Olympic Decor LLP v. PR. Commissioner of Income-tax-3	PCIT cannot revise order under section 263 merely to invoke a different provision (Section 68) when an addition already made under another provision (Section 28).	Click Here	Income-tax Act, 1961
69	Prasanth Sunil Kumar Bohra v. Income-tax Officer	Reassessment proceedings quashed; AO did not dispose of assessee’s objections to information from Insight portal.	Click Here	Income-tax Act, 1961
80-IA, 263	Olympic Decor LLP v. PR. Commissioner of Income-tax-3	Assessment not erroneous; PCIT cannot invoke section 263 when AO verified 80-IA claim with reconciliation of depreciation and other documents.	Click Here	Income-tax Act, 1961
149(1)(b)	L-1 Identity Solutions Operating Company (P.) Ltd. v. Assistant Commissioner of Income-tax, Central Circle – 25	Reopening notice beyond 3 years is invalid if the escaped income for the specific year is below Rs. 50 lakhs, even if cumulative undercharging across multiple years exceeds the threshold.	Click Here	Income-tax Act, 1961
154	Orient Overseas Container Line Ltd. v. DCIT	Relevant information to be remitted back to AO for verification when rectification application not received within six months.	Click Here	Income-tax Act, 1961