IMPORTANT INCOME TAX CASE LAWS 06.05.2025

IMPORTANT INCOME TAX CASE LAWS 05.06.2025

SECTION	CASE LAW TITLE	Brief Summary	Citation	Relevant Act
138	Notification	The CBDT has notified ‘Secretary to the Government of Maharashtra, Women and Child Development’ as a specified authority u/s 138 for sharing information to identify eligible beneficiaries under the Mukhyamantri Mazi Ladki Bahin Yojana.	Notification No. 54/2025, Dated 03-06-2025	Income-tax Act, 1961
10(23C)(vi)	Shishukunj Education Society v. Pr. CIT (Central) Bhopal	Amendments to section 10(23C) by Finance Act, 2022 (effective 01-04-2022) do not apply retrospectively to violations, if any, committed before 01-04-2022.	Click Here	Income-tax Act, 1961
10(23C)(vi)	Shishukunj Education Society v. Pr. CIT (Central) Bhopal	Where assessee’s case for cancellation of approval u/s 10(23C)(vi) was transferred and assessee challenged the new officer’s authority, with a similar issue pending before the High Court, the issue was kept open, directing the AO to decide post-High Court ruling.	Click Here	Income-tax Act, 1961
12AA	Rajarshi Shahu Shikshan Sanstha Inam Dhamani v. CIT (Exemptions)	Rejection of regular registration u/s 12AA due to alleged improper books, non-filing of returns, and non-genuine donations was remitted for fresh adjudication as charitable activities were not discussed.	Click Here	Income-tax Act, 1961
12AB	Vaishnav Sadhu v. Commissioner of Income-tax (Exemption)	An assessee-trust whose objects were charitable but restricted to benefiting a particular religious community or caste is not eligible for registration under section 12AB.	Click Here	Income-tax Act, 1961
37(1)	Eyegear Optics India (P.) Ltd. v. Deputy Commissioner of Income-tax	Where assessment was reopened u/s 147 and completed u/s 144 disallowing referral fees, Commissioner (Appeals) should have addressed the specific grounds challenging the AO’s jurisdiction for reassessment instead of summarily remanding the matter.	Click Here	Income-tax Act, 1961
45	Vasant Nagorao Barabde v. Deputy Commissioner of Income-tax	Where tenancy rights were surrendered for a Permanent Alternate Accommodation (PAA) residential flat of equivalent stamp duty value, the computed capital gain is eligible for deduction under section 54F.	Click Here	Income-tax Act, 1961
54F	Murugan Doraisamy v. Income-tax Officer, International Taxation	AO cannot deny deduction u/s 54F merely because net consideration wasn’t deposited in a specific bank account within the time limit u/s 139(1), without verifying if conditions u/s 54F(1) for appropriating net consideration in a new asset were met.	Click Here	Income-tax Act, 1961
56	Vasant Nagorao Barabde v. Deputy Commissioner of Income-tax	When tenancy rights (a capital asset taxable u/s 45) were surrendered for a new flat of equivalent Stamp Duty Value (SDV) for nil consideration, section 56 is not applicable as there was an investment via the residential flat.	Click Here	Income-tax Act, 1961
56(2)(vii)(b)	Sudha Agrawal v. Income-tax Officer	Section 56(2)(vii)(b) Addition Not Sustainable When Property Valuation Taken from Allotment Date Due to Agreement and Payments	Click Here	Income-tax Act, 1961
127	Jose Charles Martin v. Principal Commissioner of Income-tax	Transfer of an assessee’s case u/s 127 from the place of business to another for administrative convenience and meaningful assessment, after providing an opportunity of hearing, did not require interference, especially when incriminating documents were found.	Click Here	Income-tax Act, 1961