1. VOLUME NO.: LLAT/1499 OF 2016-17 DATE: 12 July 2016
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
Dear Client,
We have pleasure in listing below some of the recent legal landmarks.
SrNo Authority Section/Rules RATIO(S)
Citation /Subject CASE(NAME OF ASSESSEE)
1.1 PUN ITAT 92A ITA
Between two parties mere fact that one is supplying to another is not enough to
deem the other an AE
1.2 70TM017 Transfer Pricing
Suttati Enterprises (P.) Ltd
2.1 MUM ITAT 92C 144C ITA
The proceedings before DRP are extension of assessment proceedings. It can
accept new comparables.
2.2 70TM245 Transfer Pricing
Rolls Royce Marine India (P.) Ltd
3.1 ALLB HC 272A ITA
Once there is delay in filing TDS return penalty is attracted automatically. Whether
there is a loss to revenue or not is not relevant
3.2 70TM246 Penalty
Raja Harpal Singh Inter College
4.1 SC 4 147 ITA
If a Society buys material from members above the statutory buying price that does
not amount to distribution of dividends
4.2 70TM247 Chargeability
Shree Madhi Vibhag Sahkari Khand Udhyog Mandli Ltd.
5.1 SC 9 10A 90 91 40(a)(i) 195 ITA
Whether Foreign Tax Credit is available for income exempt u/s 10 is a valid question-
admits Supreme Court
5.2 70TM294 Deemed Income
Wipro Ltd
6.1 SC 9 ITA
Whether Indian Subsidiary of a Fund would be a PE is a valid question- admits
Supreme Court
6.2 70TM297 Deemed Income
E-Funds IT Solution Inc
