7 IMPORTANT INCOME TAX CASE LAWS 30.01.2025

Last Updated on: February 4, 2025

7 IMPORTANT INCOME TAX CASE LAWS 30.01.2025

Sr No	Case Law Title	Brief Summary	Citation	Relevant Section and Act
1	Torna Rajgad Parisar Samajonnati Nyas v. Commissioner of Income-tax (Exemptions)	Commissioner (Exemption) directed to treat the application under clause (iii) of Section 12A(1)(ac). Application for Trust Registration under Section 12AB Allowed Despite Assessee mistakenly filed it under the wrong clause	Click Here	Section 12A Income Tax Act, 1961
2	Bennett Property Holdings Company Ltd. v. Deputy Commissioner of Income-tax	Only investments yielding exempt income considered for calculating opening/closing value.	Click Here	Section 14A Income Tax Act, 1961
3	M.R. Apparels (P.) Ltd. v. Principal Commissioner of Income-tax	SLP dismissed, order under Section 263 upheld as the assessment order was passed without necessary inquiries.	Click Here	Section 45 Income Tax Act, 1961
4	Bennett Property Holdings Company Ltd. v. Deputy Commissioner of Income-tax	Provisions of Section 72A(2)(b) not applicable to demerged undertaking.	Click Here	Section 72A Income Tax Act, 1961
5	Rohit Kumar v. Income-tax Officer	Reassessment notice quashed as it was issued beyond the limitation period and without proper approval.	Click Here	Section 149,151 and 153C Income Tax Act, 1961
6	Pr. Commissioner of Income-tax v. Dev Technofab Ltd.	SLP dismissed, action under Section 153C quashed as it was not based on the satisfaction note.	Click Here	Section 153C Income Tax Act, 1961
7	Bennett Property Holdings Company Ltd. v. Deputy Commissioner of Income-tax	Departmental appeal dismissed as the tax effect was below the monetary limit.	Click Here	Section 268A Income Tax Act, 1961