7 IMPORTANT INCOME TAX CASE LAWS 28.01.2025
| Sr No | Case Law Title | Brief Summary | Citation | Relevant Act |
|---|---|---|---|---|
| 1 | DCIT v. Rajoo Engineers Ltd. | Section 56(2)(vii)(c) not applicable to amalgamation. | Click here | Section 56
Income Tax Act, 1961 |
| 2 | Narsimha Trading Co. v. Income-tax Officer | Reopening of Assessment for Cash Deposits During Demonetization – Notice Quashed for Lack of Tangible Material and the assessee had explained the source of cash deposits | Click here | Section 68
Income Tax Act, 1961 |
| 3 | Avinash Singla v. DCIT | Addition under Section 69A deleted as the source of cash was explained. | Click here | Section 69A
Income Tax Act, 1961 |
| 4 | Dhan Prakash Gupta v. Income-tax Department |
Reopening of Assessment for Cash Deposits – SLP Dismissed as the assessee intends to go back to the High Court to point out a factual error in the High Court’s judgment. |
Click here | Section 69A
Income Tax Act, 1961 |
| 5 | G D Mother Educational Society v. Assistant Commissioner of Income-tax | Condonation of Short delay allowed for filing appeals before ITAT | Click here | Section 249,253
Income Tax Act, 1961 |
| 6 | Principal Commissioner of Income-tax-2 v. Kirti Anand | Order under Section 263 upheld as it was based on audit objections. | Click here | Section 263
Income Tax Act, 1961 |
| 7 | Income-tax Officer (TDS) v. Aditya Institute of Technology and Management | SLP dismissed, criminal prosecution quashed due to reasonable cause for delay in TDS remittance. | Click here | Section 276B
Income Tax Act, 1961 |
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