14 IMPORTANT INCOME TAX CASE LAWS 21.02.2025
| Section | Case Law Title | Brief Summary | Citation |
| 10(23C) | Shahu Shikshan Prasarak Mandal v. ACIT (Exmp.) | An educational trust can claim exemption under section 10(23C) even if it files its return in the wrong form. | Click Here |
| 11 | Rani Adaikalaraj Educational and Charitable Trust v. Income-tax Officer | A charitable trust can claim exemption under section 11 even if it initially claimed a lower amount. | Click Here |
| 48 | Ajay Agarwal v. Circle (Int. Tax) | A reassessment order cannot be passed based on a mere change of opinion without any new material facts. | Click Here |
| 54F | Vijay Vasant Kulkarni v. Assistant Commissioner of Income-tax | High Court cannot exercise extraordinary jurisdiction when an alternate remedy is available. | Click Here |
| 57 | Shahu Shikshan Prasarak Mandal v. ACIT (Exmp.) | Salary grants received by an educational trust can be claimed as a deduction under section 57. | Click Here |
| 69A | Dy. Commissioner of Income-tax Central Circle-2(1) v. Metrocity Homes | Additions under section 69A cannot be made based on loose papers and documents without corroborative evidence. | Click Here |
| 73 | Assistant Commissioner of Income-tax v. BSIFS P. Ltd. | Reopening of assessment is not justified if the applicability of section 73 was considered during the original assessment. | Click Here |
| 145 | Income-tax Officer v. Pallon Shapoorji Mistry | Due to financial distress of borrowers, Taxpayer can follow Cash Method instead of Mercantile Method to book interest income on loans | |
| 153A | Divine Infracon (P.) Ltd. v. Pr. Commissioner of Income-tax 3 | ITAT can not decide on Section 68 Addition when the Commissioner (Appeals) has not addressed the issue | |
| 170 | Moonlight Equity (P.) Ltd. v. Union of India | A reassessment notice cannot be issued in the name of a pre-merger company. | Click Here |
| 206C | Anshul Anil Goel v. DCIT (1) 1 | TCS collected on the income of a minor child should be allowed as a credit to the parent. | Click Here |
| 220 | Sree Balaji Developers v. Additional/Joint/Deputy/Assistant Commissioner of Income-tax, National Faceless Less Assessment Centre, Delhi | No interference with an assessment order is warranted if the taxpayer has not cooperated with the department.
Assessment Order Upheld; Appeal to be Disposed of Expeditiously with Continued Stay |
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| 245 | Trent Ltd. v. Deputy Commissioner of Income-tax | An adjustment order under section 245 is invalid if the taxpayer’s objections are not considered.
Adjustment of Refund Against Tax Dues Quashed when the assessee is not granted a hearing |
Click Here |
| 271(1)(c) | Veena Estate (P.) Ltd. v. Commissioner of Income-tax | Penalty can be imposed for a device or subterfuge used to facilitate tax evasion. | Click Here |
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