IMPORTANT INCOME TAX CASE LAW 04.06.2025

Section/Rule	Case Law Title	Brief Summary	Citation	Relevant Act
12A	Naughtys Pet Sanctuary v. CIT(Exemption)	Trust deed clause allowing honorarium/salary to trustees does not render trust non-genuine or ineligible for 12AB registration.	Click Here	Income-tax Act, 1961
12AB	Akhil Bharatvarshiya Papeek Ashram Trust v. Commissioner of Income-tax Exemption	Assessee to be given another chance to produce documents for registration; discrepancies in dissolution clause, community benefit object, and genuineness were curable.	Click Here	Income-tax Act, 1961
14A, Rule 8D	Geecee Ventures Ltd. v. Deputy Commissioner of Income-tax	Only investments yielding exempt income in the relevant previous year are considered for computing average value under Rule 8D.	Click Here	Income-tax Act, 1961
28(i)	Principal Commissioner of Income-tax-1 v. Paschim Gujarat Vij Company Ltd.	Interest income from staff loan and advances by electricity distribution company is ‘business income’.	Click Here	Income-tax Act, 1961
56, Rule 11UA(2)(b)	Principal Chief Commissioner of Income-tax-1 v. A.H. Multisoft (P.) Ltd.	FMV of shares determined by DCF method (Rule 11UA(2)(b)) to be accepted.	Click Here	Income-tax Act, 1961
68	Real Innerspring Technologies (P.) Ltd. v. ACIT	Unsecured loans taken from companies with supporting documents and repaid with interest are not accommodation entries, even if managed by some operator.	Click Here	Income-tax Act, 1961
68	CNB Finwiz Ltd. v. Deputy Commissioner of Income-tax	Reopening notice set aside; information about penny stock trading was general and not specifically related to assessee.	Click Here	Income-tax Act, 1961
69, 148	Namrata Jain v. Income-tax Officer	Reopening proceedings under section 148 had no basis; NRI’s investment in property was through banking channels from foreign source.	Click Here	Income-tax Act, 1961
80-IA	Geecee Ventures Ltd. v. Deputy Commissioner of Income-tax	Deduction under section 80-IA allowed from gross total income, not restricted to business income.	Click Here	Income-tax Act, 1961
115-O	Geecee Ventures Ltd. v. Deputy Commissioner of Income-tax	Credit for DDT to be granted after verification of challan and Form 26AS, and re-computation of interest/demand.	Click Here	Income-tax Act, 1961
144B	Ashok Kumar Meher v. Central Board of Direct Taxes	Reassessment order set aside and remitted for fresh adjudication; one-day response time in faceless assessment violated natural justice (SOP requires seven days).	Click Here	Income-tax Act, 1961
154	Brig. (Retd.) Jitendra Kumar Narang v. Income-tax Officer	Rectification order set aside; addition for mutual fund investment made by wife not sustainable as assessee was only second holder.	Click Here	Income-tax Act, 1961
154	Brig. (Retd.) Jitendra Kumar Narang v. Income-tax Officer	Rectification Order Invalid Due to Investment by Wife and Lack of Opportunity of Hearing	Click Here	Income-tax Act, 1961
164	Lintas Employees Recreation Trust v. ITO Ward 25(2)(1) Mumbai	Surcharge not leviable on private discretionary trust if income below Rs. 50 lakhs, as it’s computed with reference to slab rates.	Click Here	Income-tax Act, 1961
194C, 194-I	Commissioner of Income-tax (TDS)-1 v. Liberty Retail Revolutions Ltd.	Common Area Maintenance (CAM) charges are for ‘work’ (Section 194C), not ‘rent’ (Section 194-I).	Click Here	Income-tax Act, 1961
241	Puri Commercial Co-operative Society v. Income-tax Officer	Tax authorities obligated to refund amount recovered when Commissioner (Appeals) sets aside demand raised.	Click Here	Income-tax Act, 1961
244A	Principal Commissioner Of Income Tax 2 v. Amrutlal Madhavjibhai Bharad	SLP dismissed; department directed to grant interest on refund from TDS deposit date till refund date for agricultural land acquisition, as assessee not informed of TDS deduction.	Click Here	Income-tax Act, 1961
276C(2)	Arjun Amarjeet Rampal v. Income-tax Department	Non-bailable warrant quashed for bailable offence under section 276C(2) when Magistrate mechanically passed order.	Click Here	Income-tax Act, 1961