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. 69 :Unexplained investments-Immovable property-Source of investment is explained-Addition is deleted.

Bharat Mithalal Jain. v. ITO (2025) 212 ITD 232 (Mum) (Trib.)

S. 68 : Cash credits-Demonetisation-Cash deposit-Senior citizen widow-Savings over 30 years-Addition deleted

Hemlata Kamalakar Deo v. ITO (2025) 212 ITD 264 (Mum)(Trib.)

S. 68 : Cash credits-Long term capital gains on listed shares-Documentary evidence furnished-Addition as bogus LTCG unjustified. [S. 10(38), 45, 115BBE]

Arvind Kumar Kotawal v. ACIT (2025) 212 ITD 269 (Delhi)(Trib.)

S. 68 : Cash credits-Cash deposit-Partly agricultural income-Addition is restricted to 8 lakhs.

Kanchanben Maheshbhai Patel. v. ITO (2025) 212 ITD 133 (Surat) (Trib.)

S. 68 : Cash credits-Cash deposits during demonetisation-Books audited and accepted-Rejection of books for selective entry unjustified [S. 145(3)]

Satya Pal Shiv Kumar v. ACIT (2025) 212 ITD 473 (Delhi)(Trib.)

S. 57 : Income from other sources-Deduction of interest and commission-Failure to substantiate claim-Disallowance upheld.[S. 24(b), 57(iii)]

Vivek Sheel Aggarwal v. DCIT (2025) 212 ITD 257 (Delhi)(Trib.)

S. 57 : Income from other sources-Deduction of interest-Nexus established between borrowings and lending-Disallowance deleted [S. 56, 57(iii)]

Vinay Badera v. ACIT (2025) 212 ITD 456 (Pune)(Trib.)

S. 56 : Income from other sources-Former Cricketer-Revised return-Amount shown as taxable in the return-Return is accepted-Delay of 1993 in filing the appeal before CIT(A) is condoned-One-time benefit received by assessee, a former cricketer, from BCCI in recognition of his services to Indian cricket-Exempt under section 56(2)(vii)-BCCI is a trust registered under section 12AA of the Act. [S. 12AA, 56 (2)(vii, 143(1), Art. 265]

Kapil Dev Nikhanj v. ACIT (2025) 212 ITD 191 (Delhi) (Trib.)

S. 56 : Income from other sources-Part consideration was paid as per allotment letter-Allotment of new flat was made in continuation of replacing of earlier allotment letter-Addition is deleted.[S. 56(2)(x)]

Pinstripe Properties (P.) Ltd. v. Dy.CIT (2025) 212 ITD 223 (Mum) (Trib.)

S. 56 : Income from other sources-Purchase of immovable property-Sale agreement dated 1-6-2012 and received possession on same day-Document was registered on 27-6-2013-Provision was inserted in statute with effect from 1-4-2014-Addition is deleted [S. 56(2)(vii)(b)(ii)]

Nitin Narayan Kadamdhad v. ITO (2025) 212 ITD 199 (Nagpur) (Trib.)