7 IMPORTANT INCOME TAX CASE LAWS 31.01.2025

Last Updated on: February 5, 2025

Sr No	Case Law Title	Brief Summary	Citation	Relevant Act
1	Smt. Shantha Vidyasagar Annam v. Income-tax Officer	Development agreement did not constitute a “transfer” under Section 2(47).	Click Here	Section 2(47) Income Tax Act, 1961
2	Patnala Srinivas v. Income-tax Officer	Claim of agricultural income denied as the land was not used for cultivation.	Click Here	Section 10(1) Income Tax Act, 1961
3	S. Balaji Mech-Tech (P.) Ltd. v. ITO	Addition under Section 68 deleted as the cash sales were genuine.	Click Here	Section 68 Income Tax Act, 1961
4	DCIT v. Modern India Ltd. Mittal Chambers	Reopening notice quashed as the report did not establish any wrongdoing by the assessee.	Click Here	Section 69A Income Tax Act, 1961
5	Gurjinder Singh v. Union of India	Reassessment notice quashed as it was issued by the Assessing Officer instead of NFAC.	Click Here	Section 148 Income Tax Act, 1961
6	Pico Capital (P.) Ltd. v. Deputy Commissioner of Income-tax Circle 8(2)(1)	Reassessment order set aside as the assessee was not granted a personal hearing.	Click Here	Section 148A Income Tax Act, 1961
7	Pr. Commissioner of Income-tax v. K Umesh Shetty	Penalty Order quashed as it was Time-Barred: Reference to Additional Commissioner Initiates Proceedings	Click Here	Section 275 Income Tax Act, 1961