13 IMPORRANT INCOME TAX CASE LAW as on 24.01.2025

(Last Updated On: January 24, 2025)

13 IMPORTANT INCOME TAX CASE LAW as on 24.01.2025

Sr No	Case Law Title	Brief Summary	Citation	Relevant Act
1	Commissioner of Income-tax (Exemption) v. AIC@36Ince	Assessee’s activities held to be charitable and entitled to registration under Section 12AA.	Click Here	Section 2(15) Income Tax Act, 1961
2	Deputy Commissioner of Income-tax v. Krishan Kumar	Exemption under Section 10(38) allowed for LTCG on sale of shares.	Click Here	Section 10(38) Income Tax Act, 1961
3	Assistant Commissioner of Income-tax v. Future Software (P.) Ltd.	Deduction under Section 10A denied as Form 56F was not signed by an ‘Accountant’.	Click Here	Section 10A Income Tax Act, 1961
4	Soudharma Brihad Tapogachchiya Tristutik Jain Sangha Samarpanam v. CIT(Exemption)	Registration under Section 12AB denied as the trust’s objects were confined to a specific religious community.	Click Here	Section 12AB Income Tax Act, 1961
5	Assistant Commissioner of Income-tax v. Yes Bank Ltd.	Reopening of assessment quashed as it was based on a change of opinion.	Click Here	Section 36(1)(viia) Income Tax Act, 1961
6	H.P. State Civil Supplies Corporation Ltd. v. Asstt. Commissioner of Income-tax	Contribution towards leave encashment fund allowed as a deduction subject to Section 43B conditions.	Click Here	Section 43B Income Tax Act, 1961
7	C. C. Dangi & Associates v. Assistant Commissioner of Income-tax	Reopening notice quashed as it was based on insufficient evidence of bogus ITC.	Click Here	Section 69A Income Tax Act, 1961
8	Sneh Gupta v. Union of India	Writ petition dismissed as the petitioner had not exhausted alternate remedies.	Click Here	Section 143 Income Tax Act, 1961
9	Panchvati Ship Breakers v. National Faceless Assessment Centre	Assessment order quashed due to violation of principles of natural justice.	Click Here	Section 144B Income Tax Act, 1961
10	Mohan Sukumaran v. Deputy Commissioner of Income-tax	Addition to income reduced as the AO’s estimation was not justified.	Click Here	Section 145 Income Tax Act, 1961
11	Sunrath Trading (P.) Ltd. v. Union of India	Writ petition dismissed as the assessee had not exhausted alternate remedies.	Click Here	Section 148A Income Tax Act, 1961
12	Harshit Singhania Buildcon v. Union of India	Stay orders set aside and matter remanded for fresh consideration of stay application.	Click Here	Section 220 Income Tax Act, 1961
13	Commissioner of Income-tax v. Standard Farms (P.) Ltd.	Matter remanded for reconsideration of immunity from penalty and prosecution.	Click Here	Section 245H Income Tax Act, 1961