IMPORTANT INCOME TAX CASE LAWS 31.05.2025

Section/Notification	Case Law Title	Brief Summary	Citation	Relevant Act
NOTIFICATION NO. 51/2025 AND NOTIFICATION NO. 50/2025, DATED 29-05-2025	N/A	CBDT issued corrigendum to substitute Schedule 80-IE in ITR-3 and ITR-5 for AY 2025-26.	NOTIFICATION NO. 51/2025 AND NOTIFICATION NO. 50/2025, DATED 29-05-2025	Income-tax Act, 1961
2(22)(e)	Krishan Kant Kohli v. DCIT Central Circle	Loan or advance from a partnership firm (not a closely held company) cannot be treated as deemed dividend.	Click Here	Income-tax Act, 1961
4	PR. Commissioner of Income-tax I v. M. P. Paschim Kshetra Vidyut Vitran Company Ltd.	One-time charges recovered by electricity distribution company for laying power lines and acquiring infrastructure are capital receipts.	Click Here	Income-tax Act, 1961
11	Guru Singh Sabha v. Income-tax Officer (Exemption)	Filing Form 10B tax audit report for section 11 benefit is directory, not mandatory; can be uploaded during appellate proceedings.	Click Here	Income-tax Act, 1961
12A, 80G	Sai Seva Sansthan v. Commissioner of Income-tax (Exemption)	Ex-parte orders rejecting 12A and 80G registration are set aside and remanded for fresh consideration to non-receipt of hearing notices.	Click Here	Income-tax Act, 1961
12AB	Setu Sansthan v. CIT (Exemption) Jaipur	Matter restored to Commissioner (Exemptions) for reconsideration of registration, as assessee was in process of applying under Rajasthan Public Trust Act.	Click Here	Income-tax Act, 1961
31, 37(1)	Shanti Bhushan v. Commissioner of Income Tax Delhi	Appeal disposed of as infructuous; expenses for coronary surgery of a lawyer not allowable under section 31 (not ‘plant’) or section 37(1) (no direct nexus with professional efficiency).	Click Here	Income-tax Act, 1961
54F	Income-tax Officer v. Narasimha Reddy Duthala	Section 54F exemption allowed as assessee met substantive conditions, with house transfers to daughter and under-construction house not counting as “more than one house,” and deposit made within extended due date.	Click Here	Income-tax Act, 1961
54F	Mrs. Ratan Mahendra Jain v. Income-tax Officer	Exemption under section 54F allowed for purchase of a duplex home by a single deed of transfer, as it is not considered two residential houses.	Click Here	Income-tax Act, 1961
68	Principal Commissioner of Income-tax v. Event Developers (P.) Ltd.	Reopening notice justified as assessee failed to establish genuineness and creditworthiness of company providing bogus LTCG/STCG, found to be a shell company.	Click Here	Income-tax Act, 1961
68, 153C	Panch Tatva Promotors (P.) Ltd. v. Assistant Commissioner of Income-tax	Reopening assessment under Section 153C is invalid if the incriminating material from a search pertains to an earlier financial year and not the relevant assessment year.	Click Here	Income-tax Act, 1961
70	Teacher Retirement System of Texas v. ACIT (IT) – 4(1)(2)	Short-term capital loss (STT paid) can be set off against short-term capital gains (STT not paid).	Click Here	Income-tax Act, 1961
80G	Gems Chamber of Commerce Association v. Commissioner of Income-tax (Exemption)	Matter remanded for one more opportunity to assessee to substantiate its case for 80G approval, as permanent registration under section 12AB(1)(b) was already granted.	Click Here	Income-tax Act, 1961
80G	Senior Citizen Council Gandhinagar v. Commissioner of Income-tax (Exemption)	Matter remitted to Commissioner (Exemption) to consider 80G application under correct sub-clause (ii) instead of inadvertently selected (iv) of proviso to section 80G(5).	Click Here	Income-tax Act, 1961
80G	Aatman Foundation v. Commissioner of Income-tax (Exemption)	Matter remanded for de novo consideration; inadvertent error in filing Form 10AB (incorrect sub-clause for 80G approval).	Click Here	Income-tax Act, 1961
220, IBC, 2016	V S Texmills (P.) Ltd. v. Assistant Commissioner of Income-tax	Income Tax Department demand not claimed in approved resolution plan under IBC stands extinguished.	Click Here	Income-tax Act, 1961; Insolvency and Bankruptcy Code, 2016
245	Mediakind India (P.) Ltd. v. Deputy Director of Income-tax, CPC	Revenue authorities directed to refund entire amount in excess of 20% of demand when 20% already deposited and stay application filed.	Click Here	Income-tax Act, 1961
249, CBDT Circular No. 20/2016	Shrikunj Corporation v. Commissioner of Income-tax	Dismissal of appeal for delay unsustainable when manual appeal filed within statutory period and e-filed within extended time.	Click Here	Income-tax Act, 1961