8 IMPORTANT INCOME TAX CASE LAWS 03.02.2025
| Sr No | Case Law Title | Brief Summary | Citation | Relevant Section and Act |
|---|---|---|---|---|
| 1 | Rachakonda Srinivas Rao v. Initiating Officer, BPU, Hyderabad | Property held not to be benami property. | Click here | Section 2(9)
Prohibition of Benami Property Transactions Act, 1988 |
| 2 | Assistant Commissioner of Income-tax (Exemptions) v. Karnataka Institute of Diabetology | Assessee held eligible for exemption under Section 10(23C)(iiiac).
Interest on Unspent Grants Included |
Click Here | Section 10(23C)
Income Tax Act, 1961 |
| 3 | Assistant Commissioner of Income-tax (Exemptions) v. Karnataka Institute of Diabetology | Exemption not denied due to belated filing of audit report. | Click Here | Section 11
Income Tax Act, 1961 |
| 4 | Paradip Port Authority v. DCIT | Order under Section 263 set aside as the twin conditions of Section 263 were not satisfied.
Exemption Claimed in Section 11, No Prejudice to Revenue |
Click Here | Section 11
Income Tax Act, 1961 |
| 5 | Fiat India Automobiles Ltd. v. Deputy Director of Income-tax |
Writ Petition Challenging Intimation under Section 143(1) Dismissed: Appeal Remedy Available : Section 246A does not mandate a pre-deposit for admitting and entertaining an appeal, |
Click Here | Income Tax Act, 1961 |
| 6 | Rapiscan Systems (P.) Ltd. v. ADIT (Int.Tax)-2 | Assessment order set aside as it was issued beyond the permissible period of limitation. | Click Here | Section 144C
Income Tax Act, 1961 |
| 7 | Pr. Commissioner of Income-tax Central 4 v. Patanjali Foods Ltd. | SLP dismissed, reassessment notice held valid. | Click Here | Section 148
Income Tax Act, 1961 |
| 8 | Subodh Singhania v. Union of India | Orders rejecting stay application and review application set aside. | Click Here | Section 220
Income Tax Act, 1961 |