9 IMPORTANT INCOME TAX CASE LAW 23.01.2025

Sr No	Case Law Title	Brief Summary	Citation	Relevant Act and Section
1	Dy. CIT v. Max Life Insurance Co. Ltd.	ITAT has the power to entertain new grounds under Section 254 even if not raised earlier	CLICK HERE	Section 10(15)(iv) Income Tax Act, 1961
2	Dhananjay Sanjogta Foundation v. CIT Exemption	Remanded the case for fresh consideration, allowing the assessee to submit additional documents for registration and approval.	CLICK HERE	Section 12AB Income Tax Act, 1961
3	Diamond Food Products v. Commissioner of Income-tax	Disallowance of expenses reversed as AO did not verify books of account : High Court	CLICK HERE	Section 37(1) Income Tax Act, 1961
4	DCIT v. Kruti Lalitkumar Jain	Assessee can claim a deduction under Section 54F of the Income-tax Act, 1961 for capital gains invested in a residential house purchased from a company where the assessee and their family are shareholders, and where the sale deed was executed after a delay.	CLICK HERE	Section 54F Income Tax Act, 1961
5	Raajratna Stockholdings (P.) Ltd. v. Assistant Commissioner of Income-tax	Reopening notice was invalid because the AO relied solely on the information from the insight portal without applying their independent mind	CLICK HERE	Section 68 Income Tax Act, 1961
6	Gyan Kumar Agarwal INDL v. Asst. Commissioner of Income-tax	Addition upheld as assessee failed to prove investment was made before the relevant period.	CLICK HERE	Section 69B Income Tax Act, 1961
7	Patran Foods (P.) Ltd. v. Union of India	AO allowed to continue processing the notice issued under Section 148A(b).	CLICK HERE	Section 148 Income Tax Act, 1961
8	Kashmir Tubes v. Union of India	Deputy Commissioner can rectify a mistake in the challan if Assessee Deposited Tax by TAN instead of PAN	CLICK HERE	Section 154 Income Tax Act, 1961
9	Kashvi International (P.) Ltd. v. Union of India	Prosecution proceedings quashed as the delay in depositing TDS and TCS was justified due to the COVID-19 pandemic.	CLICK HERE	Section 276B Income Tax Act, 1961