7 IMPORTANT INCOME TAX CASE LAWS 31.01.2025
Sr No | Case Law Title | Brief Summary | Citation | Relevant Act |
---|---|---|---|---|
1 | Smt. Shantha Vidyasagar Annam v. Income-tax Officer | Development agreement did not constitute a “transfer” under Section 2(47). | Click Here | Section 2(47) Income Tax Act, 1961 |
2 | Patnala Srinivas v. Income-tax Officer | Claim of agricultural income denied as the land was not used for cultivation. | Click Here | Section 10(1) Income Tax Act, 1961 |
3 | S. Balaji Mech-Tech (P.) Ltd. v. ITO | Addition under Section 68 deleted as the cash sales were genuine. | Click Here | Section 68 Income Tax Act, 1961 |
4 | DCIT v. Modern India Ltd. Mittal Chambers | Reopening notice quashed as the report did not establish any wrongdoing by the assessee. | Click Here | Section 69A Income Tax Act, 1961 |
5 | Gurjinder Singh v. Union of India | Reassessment notice quashed as it was issued by the Assessing Officer instead of NFAC. | Click Here | Section 148 Income Tax Act, 1961 |
6 | Pico 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 Here | Section 148A Income Tax Act, 1961 |
7 | Pr. Commissioner of Income-tax v. K Umesh Shetty | Penalty Order quashed as it was Time-Barred: Reference to Additional Commissioner Initiates Proceedings | Click Here | Section 275 Income Tax Act, 1961 |
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