20 Important Income Tax Case Laws 14.02.2025

Section	Case Law Title	Brief Summary	Citation	Relevant Section and Act
1	MSN Pharmachem (P.) Ltd. v. Assistant Commissioner of Income-tax	Trade advances and payments to group companies not considered deemed dividends.	Click Here	Section 2(22) Income Tax Act, 1961
2	Ashishbhai Jashwantbhai Desai HUF v. Income-tax Officer	Reopening Notice for Bogus LTCG Set Aside Due to Lack of Prima Facie Belief	Click Here	Section 10(38) Income Tax Act, 1961
3	Commissioner of Income-tax (Exemptions) v. Kalinga Institute of Industrial Technology	Development fees treated as capital expenditure.	Click Here	Section 11 Income Tax Act, 1961
4	Warkari Shikshan Sanstha v. Commissioner of Income-tax (Exemptions)	Delay in filing Form 10B condoned due to COVID-19.	Click Here	Section 12A Income Tax Act, 1961
5	JIL Information Technology Ltd. v. Additional Commissioner of Income-tax	No disallowance under Section 14A without exempt income.	Click Here	Section 14A Income Tax Act, 1961
6	Deputy Commissioner of Income-tax v. Gujrat State Electricity Corporation Ltd.	Interest Income from Employee Loans Considered Business Income not income from other sources for Power Generation Company	Click Here	Section 28(i) Income Tax Act, 1961
7	JIL Information Technology Ltd. v. Additional Commissioner of Income-tax	Retainer fees to foreign agents allowed as business expenditure.	Click Here	Section 37(1) Income Tax Act, 1961
8	MSN Pharmachem (P.) Ltd. v. Assistant Commissioner of Income-tax	Expenditure on handling hazardous waste allowed.	Click Here	Section 37(1) Income Tax Act, 1961
9	Smt. Chandra Moolchand Jain v. Income-tax Officer	Disallowance under Section 40A(3) Remanded for Fresh Examination Considering Bank Holiday, Payment by Agent	Click Here	Section 40A(3) Income Tax Act, 1961
10	Dharmesh Ramesh Jhaveri v. Asst./Dy. Commissioner of Income-tax, Circle-2(2)(1)	Stamp duty value on date of allotment considered for Section 56(2)(vii)(b) purposes.	Click Here	Section 56 Income Tax Act, 1961
11	Inderjit Singh Sodhi (HUF) v. Pr. Commissioner of Income-tax Delhi 10	Supreme Court Issues Notice on Taxability of Interest on Land Acquisition Compensation	Click Here	Section 56 Income Tax Act, 1961
12	Venkateswar Medicare (P.) Ltd. v. Income-tax Officer	Reassessment invalid due Notice issued by non-jurisdictional ITO and insufficient evidence.	Click Here	Section 68 Income Tax Act, 1961
13	GRR Holdings v. Deputy Commissioner of Income-tax	Capital contribution from partners not treated as unexplained cash credit.	Click Here	Section 68 Income Tax Act, 1961
14	GRR Holdings v. Deputy Commissioner of Income-tax	Capital contribution from partners not treated as unexplained money.	Click Here	Section 69A Income Tax Act, 1961
15	Arun Bhardwaj v. ACIT	Reassessment notice quashed due to lack of territorial jurisdiction.	Click Here	Section 120 Income Tax Act, 1961
16	Mark Studio India (P.) Ltd. v. Income-tax Officer	NaFAC’s jurisdiction starts from issuing notice under Section 142(1) or 143(2). NaFAC does not play a role in the issuance of notices under Section 148 or 148A or in obtaining prior approval under Section 151	Click Here	Section 148 Income Tax Act, 1961
17	Venkateswar Medicare (P.) Ltd. v. Income-tax Officer	Reassessment barred by limitation after 1-4-2021.	Click Here	Section 149 Income Tax Act, 1961
18	Samir Andrea Kasliwal v. Principal Chief Commissioner of Income-tax	Recovery of tax stayed upon deposit of 20% of demand.	Click Here	Section 220 Income Tax Act, 1961
19	GRR Holdings v. Deputy Commissioner of Income-tax	Commissioner (Appeals) cannot review decisions of higher appellate authorities.	Click Here	Section 251 Income Tax Act, 1961
20	Vinubhai Mohanlal Dobaria v. Chief Commissioner of Income-tax	Point in time for determining offense under Section 276CC is the day after the due date for filing the return.	Click Here	Section 276CC Income Tax Act, 1961