7 IMPORTANT INCOME TAX CASE LAWS  31.01.2025

By | February 4, 2025
(Last Updated On: February 5, 2025)

7 IMPORTANT INCOME TAX CASE LAWS  31.01.2025

Sr NoCase Law TitleBrief SummaryCitationRelevant Act
1Smt. Shantha Vidyasagar Annam v. Income-tax OfficerDevelopment agreement did not constitute a “transfer” under Section 2(47).Click HereSection 2(47)

Income Tax Act, 1961

2Patnala Srinivas v. Income-tax OfficerClaim of agricultural income denied as the land was not used for cultivation.Click HereSection 10(1)

Income Tax Act, 1961

3S. Balaji Mech-Tech (P.) Ltd. v. ITOAddition under Section 68 deleted as the cash sales were genuine.Click HereSection 68

Income Tax Act, 1961

4DCIT v. Modern India Ltd. Mittal ChambersReopening notice quashed as the report did not establish any wrongdoing by the assessee.Click HereSection 69A

Income Tax Act, 1961

5Gurjinder Singh v. Union of IndiaReassessment notice quashed as it was issued by the Assessing Officer instead of NFAC.Click HereSection 148

Income Tax Act, 1961

6Pico Capital (P.) Ltd. v. Deputy Commissioner of Income-tax Circle 8(2)(1)Reassessment order set aside as the assessee was not granted a personal hearing.Click HereSection 148A

Income Tax Act, 1961

7Pr. Commissioner of Income-tax v. K Umesh ShettyPenalty Order  quashed as it was Time-Barred: Reference to Additional Commissioner Initiates ProceedingsClick HereSection 275

Income Tax Act, 1961

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