14 INCOME TAX CASE LAWS 06.02.2025
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| Sr No | Case Law Title | Brief Summary | Citation | Relevant Section and Act |
|---|---|---|---|---|
| 1 | Assistant Commissioner of Income-tax v. Suryanarayana Iyer | Income held not to have accrued during the relevant assessment year. Income Accrual: Hypothetical Income Not Taxable : Only the real income could be brought to tax | Click Here | Section 5 Income Tax Act, 1961 |
| 2 | Principal Commissioner of Income-tax v. Sampark Management Consultancy LLP | Revision under Section 263 Set Aside: Assessing Officer Conducted Sufficient Inquiries. | Click Here | Section 10(35) and section 263 Income Tax Act, 1961 |
| 3 | Principal Commissioner of Income-tax-7, Delhi v. UK Paints India (P.) Ltd. | Disallowance under Section 14A not permissible when the assessee’s computation was not erroneous. | [2025] 170 taxmann.com 52 (Delhi) Click Here | Section 14A Income Tax Act, 1961 |
| 4 | Principal Commissioner of Income-tax Kochi-1 v. Dewa Projects (P.) Ltd. | Loss incurred in derivative transactions held to be a business loss. | [2025] 170 taxmann.com 44 (Kerala) Click Here | Section 43(5) Income Tax Act, 1961 |
| 5 | Bihar Police Building Construction Corporation (P.) Ltd. v. Principal Chief Commissioner of Income-tax | SLP dismissed , Interest on Government Grants Taxable as Income from Other Sources . | Click Here | Section 56 Income Tax Act, 1961 |
| 6 | Karam Chand Sweets v. DCIT | Matter remanded to Commissioner (Appeals) for fresh adjudication. | Click Here | Section 115BBE Income Tax Act, 1961 |
| 7 | Amit Kumar Gupta v. Income-tax Officer-1 | Reassessment proceedings quashed due to failure to provide a hearing before transfer of case. | Click Here | Section 127 Income Tax Act, 1961 |
| 8 | Vessela Greens v. Union of India | Validity of an order cannot be justified on the basis of additional reasons given in the counter. | Click Here | Section 143 Income Tax Act, 1961 |
| 9 | Lal Chand Verma Through His Legal Heir v. Union of India | Reassessment proceedings quashed as no notice was issued to the legal heir. | Click Here | Section 148 Income Tax Act, 1961 |
| 10 | Assistant Commissioner of Income-tax v. Teleperformance Global Service (P.) Ltd. | SLP dismissed, Principal Commissioner must diligently review approval applications. Reopening Notice Quashed: Approval under Section 151 Granted Without Application of Mind | Click Here | Section 151 Income Tax Act, 1961 |
| 11 | Diamond Power Infrastructure Ltd. v. Assistant Commissioner of Income-tax | Reassessment proceedings quashed as they were initiated after approval of the Resolution Plan. | Click Here | Section 153A Income Tax Act, 1961 |
| 12 | Shrishaila Mallikarjun Traders v. Income-tax Officer | Penalty under Section 271B cancelled due to reasonable cause for failure to file audit report. | Click Here | Section 271B Income Tax Act, 1961 |
| 13 | Binod Pattanayak v. Union of India | Assessee allowed to seek compounding of offence under Section 320 of Cr.P.C. | Click Here | Section 276B Income Tax Act, 1961 |
| 14 | Surinder Nath Jain v. Income-tax Officer jammu | Complaint under Section 276C cannot be quashed at the infancy stage of prosecution. | Click Here | Section 276C Income Tax Act, 1961 |
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