11 IMPORTANT INCOME TAX CASE LAWS 27.01.2025

Last Updated on: January 29, 2025

11 IMPORTANT INCOME TAX CASE LAWS 27.01.2025

Sr No	Case Law Title	Brief Summary	Citation	Relevant Act
1	Patna Bakhtiyarpur Tollway Ltd. v. ACIT	Assessee denied depreciation as it was not the owner of the asset. Disallowance of Depreciation on Toll Road Constructed on NHAI Land	Click here	Section 32 Income Tax Act, 1961
2	Hindustan Coca Cola Beverages (P.) Ltd. v. Additional Commissioner of Income-tax	CSR expenditure allowed as business expenditure.	Click Here	Section 37(1) Income Tax Act, 1961
3	Hindustan Coca Cola Beverages (P.) Ltd. v. Additional Commissioner of Income-tax	Penalty paid for VAT violation not allowed as deduction.	Click Here	Section 37(1) Income Tax Act, 1961
4	Hindustan Coca Cola Beverages (P.) Ltd. v. Additional Commissioner of Income-tax	FMV of land at the time of acquisition considered for capital gains calculation.	Click Here	Section 48 Income Tax Act, 1961
5	Deputy Commissioner of Income-tax v. Minal Urmil Shah	Section 50C not applicable to transfer of development rights.	Click Here	Section 50C Income Tax Act, 1961
6	Smt. Vimla Tripathi v. Income-tax Officer	Section 56(2)(vii)(b)(ii) not applicable to transactions before 1-4-2014.	Click Here	Section 56 Income Tax Act, 1961
7	Assistant Commissioner of Income-tax v. Krishnaavtar J. Kabra (HUF)	Addition under Section 68 deleted as purchases were genuine.	Click Here	Section 68 Income Tax Act, 1961
8	Ankur Bansal v. DCIT Circle-1 (1)	Deletion of Addition under Section 68 Due to Clerical Error occurred while consolidating the annual accounts	Click Here	Section 68 Income Tax Act, 1961
9	Chamber of Tax Consultants v. Director General of Income Tax (systems)	Revenue cannot modify its utility to prevent assessee from claiming rebate under Section 87A. High Court directs CBDT to allow sec. 87A rebate claim from Special Rate Income also	Click Here	Section 87A Income Tax Act, 1961
10	IREO (P.) Ltd. v. CIT (TDS)-1	Principal Commissioner could not initiate Section 263 proceedings as the issue of chargeability of EDC was pending.	Click Here	Section 194C Income Tax Act, 1961
11	KAG India Pvt Ltd. v. PCIT (Central)	Revision Order for Penalty under Section 270A Set Aside for Lack of Intimation under Section 143(1)(a)	Click Here	Section 270A Income Tax Act, 1961