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. 56 : Income from other sources-Amalgamation-No transfer of shares-Addition is deleted.[S. 47(vii), 56(2)(vii(c)]

DCIT v. Rajoo Engineers Ltd. (2025) 211 ITD 159 (Rajkot) (Trib.)

S. 56 : Income from other sources-Purchase of flat prior to insertion of clause (x) of sub-section (2) of section 56 by Finance Act 2017-Provision is not applicable-Addition is deleted.[S.56(2)(x)]

Kajari Banerjee. (Smt.) v. ITO (2025) 211 ITD 358 (Kol.)(Trib.)

S. 56 : Income from other sources-Under construction property-Gift-Increase in GST adjustment of GST value in total value of consideration would not fall within ambit of section 56(2)(x).[S. 43CA, 50C, 56(2)(x)]

Jayantilal Umashankar Chavji. v. NEAC(2025) 211 ITD 537 (Mum) (Trib.)

S. 56 : Income from other sources-Tolerance limit-DVO’s valuation report-Amendment introduced by Finance Act, 2020, increasing tolerance limit under section 56(2)(x)(b)(B) from 5 per cent to 10 per cent, has retrospective effect and applies to assessment year 2018-19.[S.56(2)(x)(b) (B)]

NFAC v. NRB Developers. (2025) 211 ITD 728 (Mum) (Trib.)

S.54F : Capital gains-Investment in a residential house-Return not filed-Exemption cannot be denied.[S 139, 148]

Satyanarayana Viswanadha. v. ITO (2025) 211 ITD 173 (Visakhapatnam) (Trib.)

S. 54B : Capital gains-Land used for agricultural purposes-Growing paddy crop-Lands used for agricultural purposes two years immediately preceding date on which land was sold-Entitle to exemption. [S. 45, 143(3)]

Rahul Bajpai. v. DCIT (2025) 211 ITD 580 (Raipur) (Trib.)

S. 54B : Capital gains-Land used for agricultural purposes-Land was not used for agricultural purposes for two years immediately preceding date of transfer-Not entitle to exemption. [S. 45]

Amartbhai Mandanbhai Desai. v. PCIT (2025) 211 ITD 195 (Ahd) (Trib.)

S. 50C : Capital gains-Full value of consideration-Stamp valuation-Transfer of development rights-Notionally assignment of development rights-Provision is not applicable.[S. 45]

DCIT v. Minal Urmil Shah. (2025) 211 ITD 136 (Ahd) (Trib.)

S. 50 :Capital gains-Depreciable assets-Block of assets-Immovable property-Stamp value and actual consideration-Matter is remanded to Assessing Officer for de novo consideration as per the provisions of section 43CA read with section 50C of the Act.[S.43CA, 45, 50C]

Kotak Mahindra Bank Ltd. v. DCIT (2025) 211 ITD 608 (Mum) (Trib.)

S. 48 : Capital gains-Mode of Computation-Sale consideration-Joint development agreement-Merely on the basis of statement-Addition cannot be made.[S. 45, 132(4)]

ACIT v. Pavani Structurals (P.) Ltd. (2025) 211 ITD 415 (Hyd) (Trib.)