IMPORTANT INCOME TAX CASE LAWS 27.05.2025

Section/Rule	Case Law Title	Brief Summary	Citation	Relevant Act/Scheme
11, Rule 12A(1)(b)	Cossimbazar Social Welfare and Development Trust v. Income – tax Officer	Income of charitable trust assessed as nil as application of funds equaled gross receipts; AO failed to consider.	Click Here	Income-tax Act, 1961
11, Rule 12A(1)(b)	Trilok Singh Bhandari Charitable Trust v. Income-tax Officer	Requirement of filing audit report in Form 10B before due date is directory, not mandatory.	Click Here	Income-tax Act, 1961
12A	Bhai Vaidya Foundation v. Commissioner of Income -tax (Exemption)	Commissioner (Exemption) directed to grant final opportunity to assessee-trust to substantiate its charitable activities for registration.	Click Here	Income-tax Act, 1961
12A	Mahaveer (I) Foundation Trust v. Commissioner of Income-tax (Exemption)	Matter remanded to Commissioner (Exemption) for fresh adjudication; assessee to be given opportunity to substantiate charitable activities with additional evidence.	Click Here	Income-tax Act, 1961
32, 72(1)	Hotel Ayodhya v. ADIT, CPC	Brought forward unabsorbed depreciation to be added to current year depreciation and eligible for set-off against other income.	Click Here	Income-tax Act, 1961
37(1)	G.L. Construction (P.) Ltd. v. ACIT/National Faceless Appeal Centre/DCIT	Penalties and late fees incurred from contractual terms allowed as business expenditure under section 37(1).	Click Here	Income-tax Act, 1961
54F	Principal Commissioner of Income-tax – Central v. Lata Goel	Deduction under section 54F not denied for purchasing different floors of a house, as they are not considered multiple residential houses.	Click Here	Income-tax Act, 1961
69A	Shravan Singh Parmar v. Income Tax Officer	Source of cash deposits during demonetization explained by loan repayments against gold ornaments; not treated as unexplained money.	Click Here	Income-tax Act, 1961
89 (DTVSV Scheme), Rule 9(1)(ii) (DTVSV Rules)	IE Venture Fund I v. Principal Commissioner of Income-tax	Assessee’s declaration under DTVSV Scheme not rejected for not claiming carry forward loss in subsequent year; entitled to carry forward NIL losses.	Click Here	Direct Tax Vivad Se Vishwas Scheme, 2024
119	Square Vision India (P.) Ltd. v. Principal Commissioner of Income-tax	Delay in condonation application allowed; reiterating request despite initial delay.	Click Here	Income-tax Act, 1961
139	Square Vision India (P.) Ltd. v. Principal Commissioner of Income-tax	Condonation of one-day delay in filing ITR allowed due to technical glitches in income tax portal.	Click Here	Income-tax Act, 1961
144B	Shiva Texyarn Ltd. v. Assessment Unit Income-tax Department	Assessment order set aside as no opportunity for hearing through video conferencing was provided.	Click Here	Income-tax Act, 1961
164	Sow Rachna Rathi Family Trust v. Deputy Director of Income-tax	Surcharge levied @10% on discretionary private trust with dividend income between slab rates.	Click Here	Income-tax Act, 1961
164, CBDT Circular No. 577 dated 4-9-1990	Shakuntala Balvantray Trust v. Income-tax Officer	Tax on discretionary trust for daughter and children to be charged at rate applicable to AOP, not maximum marginal rate.	Click Here	Income-tax Act, 1961