23 IMPORTANT INCOME TAX CASE LAW 18.02.2025

Sr No	Case Law Title	Brief Summary	Citation	Relevant Section and Act
1	Biowin Agro Research v. Income-tax Officer Exemption Ward	Research Center for Organic Farming Is Charitable Activities Classified as “Relief of Poor” for Tax Exemption	Click Here	Section 2(15) Income Tax Act, 1961
2	Agrasen Engineering Industries (P.) Ltd. v. National E-Assessment Centre	Disallowance under Section 14A Not Justified for Dividend Exempt Income	Click Here	Section 14A Income Tax Act, 1961
3	ACIT v. Mukesh Shah	Deduction under Section 24(a) allowed for building rent wrongly claimed as plot rent.	Click Here	Section 24 Income Tax Act, 1961
4	ACIT v. Mukesh Shah	Sale of land treated as capital gain, not business income.	Click Here	Section 28(i) Income Tax Act, 1961
5	Canara Securities Ltd. v. Deputy Commissioner of Income-tax	Income from long-term investments not exempt under Section 10(38).	Click Here	Section 28(i) Income Tax Act, 1961
6	Canara Securities Ltd. v. Deputy Commissioner of Income-tax	Loss not disallowed due to lack of evidence for specific instructions.	Click Here	Section 28(i) Income Tax Act, 1961
7	Upkar Infra Projects (P.) Ltd. v. Assistant Commissioner of Income-tax	Interest on late payment of TDS not eligible for deduction.	Click Here	Section 36(1)(iii) Income Tax Act, 1961
8	Deputy Commissioner of Income-tax v. Gulermak TPL Joint Venture	Fees paid by the assessee to a third party for technical services related to the metro rail project are allowable as business	Click Here	Section 37(1) Income Tax Act, 1961
9	Sanjay Bhandari v. Income-tax Officer	Prosecution for Wilful Tax Evasion Under Black Money Act Allowed; Assessee Can Raise Defenses in Trial	Click Here	Section 51 Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015
10	Deputy Commissioner of Income-tax v. Supreme Holdings and Hospitality (India) Ltd.	Addition under Section 68 Deleted for Unsecured Loans from Genuine Lenders	Click Here	Section 68 Income Tax Act, 1961
11	ACIT v. Mukesh Shah	Addition under Section 68 deleted as cash deposit explained.	Click Here	Section 68 Income Tax Act, 1961
12	Hindusthan Bawa Builders v. ACIT	Matter remitted for fresh consideration due to lack of evidence.	Click Here	Section 68 Income Tax Act, 1961
13	Upkar Infra Projects (P.) Ltd. v. Assistant Commissioner of Income-tax	Addition under Section 69A deleted due to sufficient cash balance.	Click Here	Section 69A Income Tax Act
14	Upkar Infra Projects (P.) Ltd. v. Assistant Commissioner of Income-tax	Addition under Section 69A deleted due to lack of evidence.	Click Here	Section 69A Income Tax Act
15	Upkar Infra Projects (P.) Ltd. v. Assistant Commissioner of Income-tax	Addition under Section 69A deleted due to sufficient cash balance.	Click Here	Section 69A Income Tax Act
16	Upkar Infra Projects (P.) Ltd. v. Assistant Commissioner of Income-tax	Addition under Section 69A partly deleted due to genuine source.	Click Here	Section 69A Income Tax Act
17	Hindusthan Bawa Builders v. ACIT	Matter remitted for fresh consideration due to lack of evidence.	Click Here	Section 69B Income Tax Act, 1961
18	Hindusthan Bawa Builders v. ACIT	Matter remitted for fresh consideration due to lack of evidence.	Click Here	Section 69C Income Tax Act, 1961
19	Upkar Infra Projects (P.) Ltd. v. Assistant Commissioner of Income-tax	Addition under Section 69C deleted due to sufficient cash balance.	Click Here	Section 69C INCOME TAX ACT
20	Deputy Commissioner of Income-tax v. Gulermak TPL Joint Venture	Deduction under Section 80-IA not allowed to contractor.	Click Here	Section 80IA Income Tax Act, 1961
21	Upkar Infra Projects (P.) Ltd. v. Assistant Commissioner of Income-tax	No addition in unabated year in absence of incriminating material.	Click Here	Section 153A Income Tax Act, 1961
22	Income-tax Officer v. TVS Investments I Fund	SLP Disposed of Due to Low Tax Effect; Question of Law on Section 164 Remains Open	Click Here	Section 164 Income Tax Act, 1961
23	Assistant Commissioner of Income-tax v. TSI Business Parks (Hyderabad) (P.) Ltd.	High Court can not order interest on Refund in excess of 6% p.a. u/s 244A, Excess Interest needs to be Refunded to Revenue	Click Here	Section 244A Income Tax Act, 1961