IMPORTANT INCOME TAX CASE LAWS 29.11.2025
| Section | Case Law Title | Brief Summary | Citation | Relevant Act |
| N/A (Press Release) | CBDT launches 2nd NUDGE initiative to strengthen voluntary compliance in respect of Foreign Assets | CBDT launched a second campaign to encourage voluntary disclosure and compliance regarding foreign assets using data reported by foreign jurisdictions under AEOI. | Income Tax PRESS RELEASE, DATED 27-11-2025 | Income-tax Act, 1961 |
| 2(14), 2(47) | Shireen J. Dastur v. Income-tax Officer | Compensation received for withdrawing a civil suit claiming inheritance rights was not taxable as Capital Gains, as the right was not an existing enforceable right and thus not a transfer of a capital asset. | Click Here | Income-tax Act, 1961 |
| 11 | Swasth Foundation v. Commissioner of Income-tax (Exemptions) | Accumulation benefit for unutilized grant could not be denied to a charitable trust for AY 2015-16 due to delayed filing of Form 9A, as the form was not required for that assessment year. | Click Here | Income-tax Act, 1961 |
| 28(i) | Akashdeep Cloth Centre v. Principal Commissioner of Income-tax | Excess cash and stock found during a survey were correctly treated as Business Income under Section 28(i), and the PCIT’s revision to treat it under Section 115BBE was set aside. | Click Here | Income-tax Act, 1961 |
| 36(1)(viia) | GS Mahanagar Co-operative Bank Ltd. v. Deputy Commissioner of Income-tax | Deduction for provision for bad and doubtful debts was allowable to a bank even if not routed through the Profit and Loss account, provided it was reflected in audited financial statements. | Click Here | Income-tax Act, 1961 |
| 37(1) | Deputy Commissioner of Income-tax v. Koya and Company Construction Ltd. | Ad-hoc disallowance of conveyance, travelling, and vehicle maintenance expenses was not sustainable when the AO did not reject books or identify personal use. | Click Here | Income-tax Act, 1961 |
| 54 | Hanchipura Channaiah Nandakishore v. Income-tax officer, International Taxation | Section 54 relief for Capital Gains on a residential property sale was not disqualified even if the new property was purchased in the wife’s name and there was a delay in construction. | Click Here | Income-tax Act, 1961 |
| 69A | Likha Saaya v. Income Tax Officer | Cash deposits made into a bank account that were sourced from prior cash withdrawals from the same account and fully explained by the assessee could not be treated as unexplained money. | Click Here | Income-tax Act, 1961 |
| 92BA | Deputy Commissioner of Income-tax v. Koya and Company Construction Ltd. | Transfer Pricing adjustment reducing Section 80-IA deduction was deleted as there was no evidence of profit manipulation in sub-contracting works to an AE. | Click Here | Income-tax Act, 1961 |
| 148A | Anuradha Real Estate Developers Pvt Ltd v. Office of the Income-tax Officer | Reassessment proceedings were set aside as the Revenue had not filed a claim during the CIRP of the company, and the tax claim stood extinguished upon NCLT’s approval of the Resolution Plan. | Click Here | Income-tax Act, 1961; IBC, 2016 |
| 263 | Likha Saaya v. Income Tax Officer | The Principal Commissioner lacked jurisdiction to revise an assessment under Section 263 on issues that were sub judice before the Commissioner (Appeals). | Click Here | Income-tax Act, 1961 |
For More :- Read IMPORTANT INCOME TAX CASE LAWS 27.11.2025