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IMPORTANT INCOME TAX CASE LAW 03.06.2025

Section/Notification	Case Law Title	Brief Summary	Citation	Relevant Act
NOTIFICATION NO. 52/2025, DATED 30-05-2025, 2(48)	N/A	Government notifies ‘Ten Year Zero Coupon Bond of REC Ltd.’ as eligible under section 2(48) of the Income-tax Act.	NOTIFICATION NO. 52/2025	Income-tax Act, 1961
10(23C)(iiiad), 143(1)(a)	Sai Shikshan Prasarak Mandal v. Income-tax Officer	Matter restored to CIT (Appeals) for de novo adjudication as fair opportunity of hearing not given for exemption denial.	Click Here	Income-tax Act, 1961
10(34), 10(23AAB), 44	DCIT v. SBI Life Insurance Co. Ltd.	Life insurance business is entitled to claim exemption under section 10(34) and section 10(23AAB) when computing income under section 44.	Click Here	Income-tax Act, 1961
10(38), 263	Vikram Jain v. PCIT	Impugned revisionary order not tenable; AO accepted LTCG on shares, and amalgamation was High Court approved.	Click Here	Income-tax Act, 1961
11	Zoos and Parks Authority of Telangana v. Deputy Commissioner of Income-tax	Matter remanded to AO for reconsideration; taxing gross receipts without allowing expenditure for society registered under section 12A was erroneous.	Click Here	Income-tax Act, 1961
11, 12	Zoos and Parks Authority of Telangana v. Deputy Commissioner of Income-tax	Society not registered under section 12A after name change cannot claim benefits of exemptions under section 11 and 12.	Click Here	Income-tax Act, 1961
12AB	Snehbandh Foundation v. Commissioner of Income-tax (Exemption)	Matter remitted back for fresh decision; opportunity of hearing not afforded for clarification on temporary loan taken from trustee.	Click Here	Income-tax Act, 1961
12AB, 80G	Samasta Brahman Mahasangh v. Commissioner of Income-tax (Exemption)	Condonation of 536-Day Delay in Appeal Allowed for Trust Due to Clerk’s Error and Trustees’ Age/Lack of Tech Savvy	Click Here	Income-tax Act, 1961
44	DCIT v. SBI Life Insurance Co. Ltd.	Income in shareholders’ account of life insurance company to be taxed as business income, even if separate accounts maintained.	Click Here	Income-tax Act, 1961
69B	Sri Abhijit Paul v. Union of India	Reopening bad in law; based on documents already available before AO, not new materials.	Click Here	Income-tax Act, 1961
139, 10(26AAB), 119(2)(b)	Khetivadi Utppan Bajar Samiti Veraval Committee v. Chief Commissioner of Income-tax	Rejection of condonation of delay in filing return unjustified; genuine hardship demonstrated due to delayed TDS communication.	Click Here	Income-tax Act, 1961
148, 151A	TVS Credit Services Ltd. v. Deputy Commissioner of Income Tax	Matter referred to Division/Larger Bench on question of JAO’s jurisdiction to conduct section 148A proceedings under faceless assessment.	Click Here	Income-tax Act, 1961
149(1)(b), 148	Sri Abhijit Paul v. Union of India	Notice under section 148 issued within time limit; digitally signed on March 31, 2021, though DIN generated on April 1, 2021.	Click Here	Income-tax Act, 1961
151(ii)	Bhagwan Sahai Sharma v. Deputy Commissioner of Income-tax	Notice under section 148 liable to be set aside as issued without prior approval of Principal Chief Commissioner or specified authority.	Click Here	Income-tax Act, 1961
154	ILJIN Automotive (P.) Ltd. v. ACIT	AO must give reasonable opportunity of hearing before passing rectification order under section 154 if intends to enhance assessment or reduce refund.	Click Here	Income-tax Act, 1961
194A(3)(v)	Udaya Souhardha Credit Co-Operative Society Ltd. v. Income-tax Officer, TDS	Co-operative society registered under Karnataka Souharda Sahakari Act, 1997, entitled to exemption from TDS on interest payments.	Click Here	Income-tax Act, 1961