6 IMPORTANT INCOME TAX CASE LAWS 25.01.2025

Sr No	Case Law Title	Brief Summary	Citation	Relevant Section and Act
1	ACIT v. Nisha Jain	Addition under Section 69A deleted as it was not supported by incriminating material.	CLICK HERE	Section 69A Income Tax Act, 1961
2	ACIT v. Nisha Jain	Addition under Section 69A deleted as it was not supported by incriminating material and the assessee maintained regular books of account.	CLICK HERE	Section 69A Income Tax Act, 1961
3	Assistant Commissioner of Income-tax v. CG Power and Industrial Solutions Ltd.	SLP dismissed, condonation of delay allowed for filing revised return based on recasted accounts.	CLICK HERE	Section 119 Income Tax Act, 1961
4	Indian Oil Corporation Ltd. v. DCIT	Assessee entitled to interest on delayed refund from the date of payment of self-assessment tax.	CLICK HERE	Section 244A Income Tax Act, 1961
5	Indian Oil Corporation Ltd. v. DCIT	Assessee entitled to additional interest on delayed refund from 1-6-2016.	CLICK HERE	Section 244A Income Tax Act, 1961
6	Principal Commissioner of Income-tax (PCIT) v. Chambal Fertilisers and Chemicals Ltd.	SLP dismissed, limitation period for Section 263 order starts from the original assessment order.	CLICK HERE	Section 263 Income Tax Act, 1961