Important Income Tax Case Law 20.09.2025

By | September 22, 2025
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Important Income Tax Case Law 20.09.2025

SectionCase Law TitleBrief SummaryCitationRelevant Act
Section 54FAnand Boddapaty v. PCITThe court held that a revisional order under Section 263 was justified because the Assessing Officer failed to conduct a proper inquiry into a capital gains exemption claim on a property purchased from a related party (wife) through an unregistered sale agreement.Click HereIncome-tax Act, 1961
Section 68Principal Commissioner of Income-tax 1 v. Sanjaykumar Damjibhai GanganiThe court ruled that an addition under Section 68 for cash credit was not justified as the assessee had furnished complete evidence for LTCG on share sales, and the addition was based on a mere allegation of the transaction being a “penny stock scrip.”Click HereIncome-tax Act, 1961
Section 263Principal Commissioner of Income-tax v. Anjaniputra Nirmal (P.) Ltd.The Tribunal quashed a second revisional order by the PCIT, holding that the PCIT could not invoke Section 263 again on the same grounds of inadequate inquiry when the Assessing Officer had already conducted an investigation and considered the evidence.Click HereIncome-tax Act, 1961
Section 147 / 148A(b)Urvashi Kanubhai Desai v. Income-tax OfficerThe court quashed a reassessment notice under Section 148A(b) because the reasons for initiating reassessment (high-value crypto transactions) had already been considered by the Assessing Officer in the original assessment order.Click HereIncome-tax Act, 1961
Section 147Laxmanbhai Amarsingh Chavda v. Assessment Unit, Income-tax DepartmentThe reassessment order was set aside and remanded because the Assessing Officer breached the principles of natural justice by not considering the assessee’s reply to the show-cause notice in a faceless reassessment proceeding.Click HereIncome-tax Act, 1961
Section 149Opera Exports (P.) Ltd. v. Assistant Commissioner of Income-taxThe court held that a reassessment notice issued on July 27, 2022, was invalid as it was beyond the extended time limit of June 18, 2022, as per the unamended Section 148 and TOLA.Click HereIncome-tax Act, 1961

For More :- Read Important Income Tax Case Law 19.09.2025