IMPORTANT INCOME TAX CASE LAWS 10.06.2025

Section	Case Law Title	Brief Summary	Citation	Relevant Act
11	ACIT (Exemptions) v. K.C. Social Welfare Trust	Matter remanded for fresh adjudication; AO erred in denying full exemption and CIT (Appeals) in not analytically examining notional interest on interest-free loans.	Click Here	Income-tax Act, 1961
45, 45(5)(b), 271(1)(c)	Percival Joseph Pereira v. Income-tax Officer, (IT)	Taxability of enhanced compensation with interest is subject to final High Court order (proviso to section 45(5)(b)). Penalty under section 271(1)(c) deleted as addition was deleted.	Click Here	Income-tax Act, 1961
45	Kaushalya Devi v. Income-tax Officer	Commissioner (Appeals) directed to provide opportunity for assessee to substantiate claim regarding capital gains from land development agreement.	Click Here	Income-tax Act, 1961
54B	Jobanji Thakor v. Income-tax Officer	Exemption under section 54B denied for agricultural land purchased in brother’s name as ownership in assessee’s name is mandatory.	Click Here	Income-tax Act, 1961
54F, 54B	Jobanji Thakor v. Income-tax Officer	Exemption under sections 54F and 54B not denied solely for non-adherence to strict time limits if intent of law to encourage reinvestment is fulfilled.	Click Here	Income-tax Act, 1961
68	Madhya Gujarat Vij Co. Ltd. v. Dy. CIT	Matter remanded to Commissioner (Appeals) for adjudication on whether bifurcation of return relates to cash credit addition.	Click Here	Income-tax Act, 1961
68, 44AD	Jatin Arora v. Income-tax Officer	Addition under section 68 deleted as cash deposits already included in turnover declared under section 44AD, and AO did not show them as different from business receipts.	Click Here	Income-tax Act, 1961
80P, Karnataka Cooperative Societies Act, 1959	Income-tax Officer v. Sahakara Nagar Credit Co-operative Society Ltd.	AO to verify mandatory FD requirement for cooperative society; if within limit, interest allowed.	Click Here	Income-tax Act, 1961
80P	Income-tax Officer v. Sahakara Nagar Credit Co-operative Society Ltd.	Disallowance of 80P deduction on rental income, commissions, and other small income confirmed as not arising from assessee’s business.	Click Here	Income-tax Act, 1961
80P, Karnataka Cooperative Societies Act, 1959, 18	Income-tax Officer v. Sahakara Nagar Credit Co-operative Society Ltd.	Presence of nominal and associate members does not break mutuality principle for cooperative society.	Click Here	Income-tax Act, 1961
199	Urmilaben H. Dave Disc Family Trust v. Income-tax Officer	AO directed to give TDS credit to assessee-trust if in trustee’s name and money credited to trust.	Click Here	Income-tax Act, 1961
249	Madhya Gujarat Vij Co. Ltd. v. Dy. CIT	Dismissal of appeal for delay incorrect; appeal filed within statutory period.	Click Here	Income-tax Act, 1961
254	Kamla Devi v. Income-tax Officer	Ex parte Tribunal order recalled and matter remanded for fresh decision on merits as assessee was not given opportunity of being heard.	Click Here	Income-tax Act, 1961
271(1)(c)	Pradeep Garg v. Income-tax Officer	No penalty under section 271(1)(c) for mere claim of expenditure not accepted by revenue; not furnishing inaccurate particulars.	Click Here	Income-tax Act, 1961
292BB, 142(1)	Kalkajee Kraft Paper (P.) Ltd. v. Assessment Unit, Income-tax Department	Section 292BB applicable; assessee cannot object to notice service if aware of proceedings and notices on portal, despite initial email to MCA address.	Click Here	Income-tax Act, 1961