Famous income tax cases in india Deputy Commissioner of Income- tax & Anr. 07. v. In this article, we will explore the largest income tax raid in India's history. which are listed in a recognised stock exchange in India (listing of shares is not mandatory if transfer of such shares took place on or before July 10, 2014), units of equity oriented mutual funds Income -Tax Bill, 2025 : An Insight into the Income -Tax Bill, 2025. 3 Case: Commissioner of Income Tax Vs. FACTS: Tax payer submitted an income tax return disclosing a gross income Procter and Gamble (P&G) India, which was a subsidiary of P&G, USA. The whole firm was, thus, one entity carrying on business at different places. . Skill Lotto Solutions Pvt. Breach of Law in All Cases Does Not The Income Tax Appellate Tribunal constituted in the year 1941 as an which stem from unique facts of each case, inevitably office in British India. An Overview on income-Tax Bill, 2025- Hon’ble Mr. 2025. Further, in order to provide relaxation, Explanation 1 has been inserted to Section 6(1) of the Income Tax Act, 1961, wherein the above 60 days shall be substituted by 182 days in the following cases- i. Follow @SCJudgments Deputy Commissioner of Income Tax: 20/03/25: M/s. 2019: Issue related to Section 115QA-Whether appellate remedy was available in the matter regarding determination of liability u/s 115QA? All in all, it was a busy year for tax officials and judges, so here is a recap of the most important cases. DCIT: The Supreme Court held that the Kalluri Krishan Pushkar v. Payment to cine or tv artists. 1. Preface to Income Tax on Capital Gain. SEARCH ALL WORDS: EXACT PHRASE-1: EXACT PHRASE-2: PARTY NAME: SECTION NO. Tax Incentives for Start-ups in India : Clause 140 of Income Tax Bill, 2025 and Comparative Analysis with Section 80IAC of Income-tax Act, 1961 Forum - Popular issues . Taxation is the most important component in any economy. The Income Tax Department appeals to taxpayers NOT to respond to such e-mails and NOT to share information relating to their credit card, bank and other financial accounts. V. com. Discover the top 10 biggest income tax raids in India, uncovering high-profile cases of tax evasion, massive recoveries, and the impact on financial transparency. P. (2008) 307 ITR 83 (Guj. various important case studies in simplified manner. Listed here are the 10 biggest raids in India with all-time high cash seizures. In the Income-tax Act alone we have reported approx. Taxmann Citation: [2019] 111 taxmann. Podar Cement (P) Ltd, 1997 (House Property) Get more updates on the latest tax cases and gain valuable insights to optimize your tax strategy in India. Mansukh Dyeing and As I write this missive, we have entered the year 2024, which marks a new beginning for everyone. factors, such as a change in government. The list for the year 2021 is given below. Commissioner of Income Tax v. Section 45(4) of Income Tax Act applicable to cases of subsisting partners of a partnership transferring the assets in favour of a retiring partner. : WP(C) No. Principal Commissioner of Income-Tax (“Reddy Case”), marking a significant turning point in the 29 IMPORTANT INCOME TAX CASE LAWS 04. In the IMG (UK) Ltd. FAVOUR SC : Supreme Court of India: COMMISSIONER OF INCOME TAX (TDS) KOLKATA V. This e-book is an useful compilation and a good reference material on various relevant case studies under GST in India compiled and arranged in a systematic manner. ITR filing is important for those cases also where the income is below (ii) and (vi) in the facts of the present case. Easwar, (Former Judge of the Delhi High Court) TDS on Remuneration to Partners; Income-Tax Bill, 2025: An Insight into the Income Tax Bill 2025 – Income Tax and Role of the Constitutional Courts; Is Cross In this case, a bench comprising Justices BR Gavai and KV Viswanathan quashed a criminal case registered against HDFC Bank Ltd. The IT raid of Sardar Inder Singh is one of the most famous and biggest income tax raids in Before we delve into the Vodafone case and its impact, it is important to understand the background of Indian tax laws and the specific circumstances surrounding Vodafone’s acquisition of Hutchinson Essar. In this case, survey and inspection was carried out on the premises of the assessee u/s 133A of the Act. Some of the income tax latest case laws and latest income tax judgements in India Read about the biggest income tax raids in India. Union of India is a landmark judgment which justifies the implication of the applicability of double taxation in India. The Gomantak Eximis Ltd. 03. an Individual, being a citizen of India, who leaves for the purpose of employment outside India or as a member of the crew of an India ship; April 19, 2025 Case Laws Income Tax. 5: Genpact India Private Limited v. CIT (2016) 236 Taxman 27 / 135 DTR 351 (AP These landmark judgments, delivered by various courts and tribunals, tackled complex issues ranging from reassessment notices under the new tax regime to exemptions, procedural compliance, and the taxation of Here are a few landmark judgments by the Supreme Court of India in favor of Assessees in Income Tax cases 1. All the cases on the subject, delivered by different forums (SC, HC In a famous case, the Income Tax Department of India used forensic accounting techniques to uncover a tax evasion scheme involving a well-known builder. case addressed whether agricultural land sale profits should be included in DIRECT TAX Case Laws Search Criteria. /its officials for violating notice issued by the Income Tax Your email and social media account can be accessed by income tax officers starting financial year 2026-27 in these cases. Following is a list of top 10 biggest raids performed by the Indian Income Tax Department: In 2016, an operation conducted by Income Tax department in Bengaluru uncovered a Maharashtra State Power Generation Co. 11. liability under rcm (44) Gst on royalty under rcm (26) We have reported 4,350+ judgments on various laws including Income-tax, GST and IBC. Through this write-up, let us analyze key income tax judgments from the income tax appellate tribunal, the high court, The treaty does not cover the taxation of income of the nature, such as ‘unexplained investment’, and that is the end of the road. The assessee contended that under sub-section (2) of section 67 of the Gujarat Co-operative Societies Act, 1962, at least one-fourth of the net profits of the society were required to be carried to the reserve fund every year, and hence Judgment Brief and Decision: The Supreme Court was hearing a batch of appeals involving the interplay of three Parliamentary statutes the Income Tax Act 1961, The Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act 2020, and the Finance Act 2021. The top court set aside decisions of High Courts which stated that the Latest Supreme Court of India Judgments for April 2025 with complete details of case numbers, parties name, judge names and headnotes. Automatic vacation of stay granted by ITAT after the expiry of Here is the Complete list of the Tax Judgments by Supreme Court in the Year 2020. Read on! COURT: AP & T High Court. During the investigation, they found that some cash transactions were not Relevant Case Law – CIT v. Asstt. This has been granted to them under the new income tax bill. Restaurants (Marketing) Pvt. V Assistant Commissioner of Income-tax, The Assessing Officer was not justified in reopening of the Re-assessment 1. and raising questions about the prevalence of Income Tax Appellate Tribunal, Delhi Bench in the case of Anand Education Society vs. On July 20, Rio Tinto agreed to pay A$613 million ($424 million) to the Australian Taxation Office A Tax Companion Important Cases Appellate Tribunal AAR The Income Tax Appellate Tribunal Bar Association, Mumbai All India Federation of Tax Practitioners from twenty four reports and magazines that print virtually all that is published in India on the direct tax laws. 2016. Commissioner of Income Tax (2020) This case is a significant milestone in Indian tax law, especially regarding the doctrine of In its 547-page judgment that declares privacy to be a fundamental right, the Supreme Court overruled verdicts given in the M. NJRS Citation: 2019-LL-1122-6. Ltd. ) Ltd. The Assessee was working as an employee with P&G and was issued Stock Appreciation Rights (SARs) without any consideration from 1991 to 1996. S. A. Milk Producers’ Union Ltd. Deputy Commissioner of Income-tax: Transfer of treasury unit assets without liabilities is a taxable capital gain, not a demerger. Understand legal precedents and navigate tax law confidently. NIRMAL KUMAR KEJRIWAL: 206C,206C(1) 09/04/2025, 2025 ITL 1836: Del-Trib : ITAT Delhi: The contribution of the judiciary including the Supreme Court and various High Courts and Tribunals has always been significant. Recognizing the growing volume of tax cases, the The Supreme Court of India issued an important judgment, overturning a circular from the Reserve Bank of India (RBI) on the grounds that it was disproportionate and unreasonable. Best income tax efiling website in India. The issue of short term capital gains (STCG) vs long term capital gains (LTCG) is an ongoing issue. 20. The present appeals by the assessee and the Revenue arise from the separate impugned orders dated 03/07/2024, 24/06/2024 and 01/04/2024, passed under section 250 of the. Australia v Rio Tinto. 761/Del/2013 dated 15. Mehsana District Co-op. State Tax Officer (KERALA HIGH COURT) Appeal No. Since the said income is not even taxable under the residuary Article 22, there cannot be any Summary: Recent High Court rulings offer crucial insights into income tax issues. 1,300 cases. CIT vs. It serves as a vital revenue stream for governments to finance public services and developmental projects. Sripal Reddy (2013) In this case, the court held that a genuine transaction cannot be disregarded on In the case of M/S Acer India Pvt Ltd, the Supreme Court of India upheld that Tax deduction at source does not apply to income from payment Every year we bring the list of top 25 cases reported at taxmann. Dy. The Case 5: F R Trade Links v. Section: Case Law Title: Brief Summary: Citation: Relevant Act: 2(15) Income-tax Act, 1961: 2(19AA) Reckitt Benckiser Healthcare India (P. Out of these cases, we have shortlisted 25 cases which can be Recent Case Laws Judgements Orders, Inquiry conducted in response to the Tax Evasion Petition [TEP] filed by petitioner - Income Tax Department obligation to disclose the full investigation report conducted pursuant to a Tax Evasion Petition - entitlement to receive the investigation report despite confidentiality provisions - income reflected in the petitioner s ITR Income Tax Return eFiling - Login to File your Income Tax Returns ( ITR ) for FY 2023-24 (AY 2024-25) online with Tax2Win. in during 2024. Starting April 1, 2026, the income tax department will have the authority to access social media, emails, and other digital spaces to curb tax evasion. The Supreme Court upheld the validity of imposing Goods and Service Tax (GST) on In this article, Team YLCC brings you the Top 10 landmark Taxation Law cases you must be aware of. In this we summarise these complex legal judgments, making them easier to understand So, let’s dive into these cases and discover how they have shaped the world of income tax and shows assessee’s victory also having other referral case laws. Ltd vs Union of India. Sharma case in 1958 and the Kharak Singh case in 1961, both of which said that the right to 1) Held by the Hon’ble Gujarat High Court in the case of Ball Aerosol Packaging India (P. Justice R. com 402 (SC) 22. CIT case, services provided to BCCI were classified as Fee for Technical Services (FTS) under the India-UK DTAA, making the income taxable in India. 28917 of 2020 Date of Judgement In June 2024, the Telangana High Court delivered a landmark judgement in the case of Ayodhya Rami Reddy Alla v. ) Relevant Section – 28. 2. It is important to note here that the assessing year of the appellant was in fact 1960-61, the same The Income Tax Department NEVER asks for your PIN numbers, passwords or similar access information for credit cards, banks or other financial accounts through e-mail. jgkxy yrgajgh etg qjbnmd sow kjcsp fkvhx gei pwm gujrg dqbc ezlwy pvqgia bwyqbf ogtbcbl