8 IMPORTANT INCOME TAX CASE LAWS 04.02.2025
| Sr No | Case Law Title | Brief Summary | Citation | Relevant Act |
|---|---|---|---|---|
| 1 | Principal Commissioner of Income Tax4 v. Prabhat Agri Biotech Ltd. |
Apportionment of Common Expenditure based on based on the cost of goods sold instead of Turnover Acceptable |
Click Here | Section 10(1)
Income Tax Act, 1961 |
| 2 | Pavai Varam Educational Trust v. Central Public Information officer & Income-tax officer | Exemption under Section 11 Allowed even if Audit Report Filed after due date but Within Extended Due Date | Section 11
Income Tax Act, 1961 |
|
| 3 | Commissioner of Income-tax v. State Bank of Hyderabad | Broken Period Interest on Securities Held as Stock-in-Trade Allowed as Deduction in Income Tax | Click Here | Section 37(1)
Income Tax Act, 1961 |
| 4 | Rotary Charity Trust v. Commissioner of Income-tax (Exemption) | Matter remitted back to Commissioner (Exemption) for granting final approval. | Click Here | Section 80G
Income Tax Act, 1961 |
| 5 | Income-tax Officer Ward I (1) v. DXN Herbal Manufacturing (India) Pvt Ltd. | SLP dismissed, filling of mushroom powder in gelatin capsules held to be manufacturing. | Click Here | Section 80IB
Income Tax Act, 1961 |
| 6 | Sai Ankur Co-operative Housing Society Ltd. v. Income-tax Officer | Assessee held entitled to deduction under Section 80P(2)(d). | Click Here | Section 80P
Income Tax Act, 1961 |
| 7 | Nokia Solutions and Networks India (P.) Ltd. v. Deputy Commissioner of Income-tax | Reassessment Notice Valid Despite Being Issued in Name of Amalgamated Company | Click Here | Section 148
Income Tax Act, 1961 |
| 8 | Manish Manohardas Asrani v. INT Tax Ward 1(1)(1) | Penalty under Section 270A Deleted: Notice issued for under reporting of income but Penalty levied for misreporting of income | Click Here | Section 270A
Income Tax Act, 1961 |
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