11 INCOME TAX CASE LAW 22.01.25
| Sr No | Case Law Title | Brief Summary | Citation | Relevant Section and Act and |
|---|---|---|---|---|
| 1 | Vidya Kunj School v. Income-tax Officer | Society not entitled to exemption under sections 11 and 12 due to non-filing of return of income. | Click here | Section 12A
Income Tax Act, 1961 |
| 2 | Vidya Kunj School v. Income-tax Officer | Depreciation allowed to a charitable society even if not claimed in the return of income. | Click here | Section 32
Income Tax Act, 1961 |
| 3 | Phool Singh v. ITO | Exemption under Section 54B allowed for agricultural land purchased in the name of the wife. | Click here | Section 54B
Income Tax Act, 1961 |
| 4 | Phool Singh v. ITO | Exemption under Section 54F allowed for investment in residential house construction on ancestral land. | Click here | Section 54F
Income Tax Act, 1961 |
| 5 | Satyanarayana Viswanadha v. Income-tax Officer | Exemption under Section 54F allowed even if the claim was made in response to a notice under section 148. | Section 54F
Income Tax Act, 1961 |
|
| 6 | Phool Singh v. ITO | Addition under section 68 deleted for unsecured loan received from the brother based on evidence provided. | Click here | Section 68
Income Tax Act, 1961 |
| 7 | Reena Kumari v. Income-tax Officer | Addition under section 68 deleted for long-term capital gain on sale of shares as SEBI proceedings were unrelated. | Click here | Section 68
Income Tax Act, 1961 |
| 8 | Satty and Associates v. Assistant Commissioner of Income-tax Central Circle-1(2) | Addition under section 68 deleted for capital contribution from partners as it was not based on incriminating material. | Click here | Section 68
Income Tax Act, 1961 |
| 9 | Satty and Associates v. Assistant Commissioner of Income-tax Central Circle-1(2) | Addition under section 69A deleted for loan received through banking channels with supporting evidence. | Click here | Section 69A
Income Tax Act, 1961 |
| 10 | Keshri Rice Industries v. Deputy Commissioner of Income-tax | Reopening notice quashed as prior approval was not granted by the Principal Chief Commissioner. | Click here |
Section 148 Income Tax Act, 1961 |
| 11 | N. Binoj v. Income-tax Officer | Notice under sections 148 and 148A issued to a dead person after the prescribed period of limitation is null and void. | Click here | Section 148
Income Tax Act, 1961 |
Refer Other Post
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