This Digest of case laws is prepared by KSA Legal and AIFTP from judgements reported in BCAJ, CTR, DTR, ITD, ITR, ITR (Trib), Chamber's Journal, SOT, Taxman, TTJ, BCAJ, ACAJ, www.itatonline.org and other journals
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S. 153A: Assessment-Search-Unabated assessments-No incriminating material was found during search-Addition is deleted. [S. 14A, 132, 132A, 147, 148]

S.R. Ingots (P.) Ltd. v. ACIT (2025) 210 ITD 254 (Raipur) (Trib.)

S. 144C : Reference to dispute resolution panel-DRP order was uploaded on ITBA portal on 26-5-2022-Assessment was to be completed on or before 30-6-2022-Assessment order passed on 1-7-2022 was null and void is barred by limitation.[S.92CA, 144C(13)]

Hyundai Rotem Company Indian Project Offices v. ACIT IT, (2025) 210 ITD 326 (Delhi)(Trib.)

S. 115J : Company-Book profit-Adjustment-Exempt income-Matter remanded.[S. 14A, R.8D]

S.R. Ingots (P.) Ltd. v. ACIT (2025) 210 ITD 254 (Raipur) (Trib.)

S. 69C: Unexplained expenditure-Bogus purchases-Deletion of addition by CIT(A) is affirmed. [S. 147]

ITO v. Sumit Agrawal. (2025) 210 ITD 177 (Raipur) (Trib.)

S. 69A : Unexplained money-Cash deposit in bank-Non-Resident-Withdrawal from bank-Addition is deleted.

Rekha Sanjeev Bhatt v. ITO (2025)210 ITD 690 (Ahd) (Trib.)

S. 69 :Unexplained investments-Investment in an immovable property in India-Explained the source-Addition is deleted-Registration and stamp charges-Source explained-Addition is deleted.

Rekha Sanjeev Bhatt v. ITO (2025)210 ITD 690 (Ahd) (Trib.)

S. 68 : Cash credits-Produced,identity, genuineness of transaction and creditworthiness, along with confirmation and proof of regular banking channel-Lender’s failure to respond to summons alone did cannot be the ground to treat the loan as cash credits. [S. 131]

Golden Moment (P.) Ltd. v. ACIT (2025) 210 ITD 484 (Delhi)(Trib.)

S. 54F : Capital gains-Investment in a residential house-Residential property was purchased in his wife’s name-Entitle to deduction. [S. 45]

Vidjayane Durairaj-Vidjayane Velradjou. v. ITO (2025) 210 ITD 579 (Chennai) (Trib.)

S. 54 : Capital gains-Profit on sale of property used for residence-Amount utilised for construction of new house-Exemption is allowable even if construction was not complete. [S. 45]

DCIT v. Bagalur Krishnaiah Shetty Vijay Shanker. (2025) 210 ITD 20 (Bang) (Trib.)

S. 48 : Capital gains-Mode of Computation-Cost inflation index-Foreign asset is held and sold outside India-Indexation-Shares held in foreign countries-Resident company-Second proviso to section 48, which grants indexation benefit, does not distinguish between assets held in India and held in foreign countries-Eligible for Indexation.[S. 45]

DCIT v. Aarav Fragrances and Flavors (P.) Ltd(2025)210 ITD 369 (Mum (Trib.)