Income Tax Weekly Flashback for the period from 6 to 12 July 2025.
Delhi High Court
Delhi High Court Quashes Rs. 20 Crore Capital Gains Addition Over Pre-Circle Rate Property Deal
The Delhi High Court has dismissed the Income Tax Department’s appeal challenging the Income Tax Appellate Tribunal’s (ITAT) relief to M/s Thomson Press (India) Ltd. concerning a Rs. 20 crore capital gains addition made under Section 50C of the Income Tax Act.
The Delhi High Court has set aside a reassessment order issued by the Income Tax Department against a prominent media house, holding that the assessing officer (AO) had acted beyond the legal limits of the notice served under Section 148A(b) of the Income Tax Act, 1961.
Bombay High Court
Bombay High Court Quashes ITAT Rectification Order Citing Lack of “Apparent Error”
The Bombay High Court has set aside the Income Tax Appellate Tribunal’s (ITAT) rectification order that had reversed a deduction previously granted in relation to delayed employee EPF and ESI payments.
Madhya Pradesh HC
COVID Limitation Relief Applies Even ITR Filing: Madhya Pradesh HC
The Madhya Pradesh High Court has held that the COVID limitation relief applies to all persons irrespective of proceedings.
ITAT
13-Year Delay in Tax Appeal: ITAT Indore Accepts Commercial Pilot’s Plea, Orders Fresh Assessment
The Indore Bench of the Income Tax Appellate Tribunal (ITAT) has granted relief to commercial pilot Jay Krishnan Nair by setting aside a 13-year-old ex-parte assessment order and the corresponding penalty order, and remanding the matter back to the Assessing Officer for fresh adjudication.
- No Section 14A Disallowance If No Exempt Income Earned: Delhi High Court Dismisses Income Tax Dept’s Appeal - July 16, 2025
- Fake Tax Claims Can Backfire: Income Tax Dept. Launches Crackdown on Bogus Deductions - July 15, 2025
- CBDT Notifies Income Tax Exemption To District Legal Service Authorities in Haryana - July 15, 2025
