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- IMPORTANT INCOME TAX CASE LAWS 10.12.2025
- No Penalty u/s 270A for Under-reporting where tax paid before notice and explanation is bona fide
- Revision order u/s 263 Quashed; AO’s order passed with Section 153D approval cannot be termed “Erroneous” merely on change of opinion
- Assessment against Dead Person is a Nullity; Order passed without notifying Legal Representative quashed
- Reopening Notice beyond 3 years quashed; Approval from Pr. CIT invalid under New Regime (Finance Act, 2021)
- Buy-back via High Court Scheme under Section 115QA Remanded; NAV and Funds Source to be Re-examined
- Interest from Co-operative Bank eligible for Sec 80P(2)(d) Deduction; Co-op Bank is a Co-op Society
- Consequential Assessment fails if Section 263 Revision order is quashed; Section 80P deduction restored
- Reopening based on Third-Party Search Presumptions Quashed; Purchase from RCL held Genuine
- Cash deposits covered by Presumptive Income (Sec 44AD) cannot be taxed as Unexplained Money (Sec 69A)
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