1. VOLUME NO.: LLAT/1500 OF 2016-17 DATE: 13 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 VISHK ITAT 37(1) ITA
Provision for reclamation on leasehold land is deductible
1.2 70TM310 Deduction
Smt. K. Suryakumari Venu
2.1 MUM ITAT 11 10(23C) ITA
Exemption to a charitable hospital extends to pharmacy shop run by it
2.2 70TM321 Charitable Income
Hiranandani Foundation
3.1 CHD ITAT 269SS 271D 273B ITA
If cash is received to invest on behalf
3.2 70TM335 Evasion of tax
Mohanjeet Singh
4.1 CHENN ITAT 54F ITA
If the A has full interest in one house and a part interest in another house it does not
attract the prohibition against two houses for exemption
4.2 70TM340 Exemption from CG
Mrs. V.R. Usha
5.1 SC 2(47) 2(14) 45 92B ITA
SLP of revenue to decide taxability of transfer of call option rights- admitted by
Supreme Court
5.2 70TM383 Transfer
Vodafone India Services (P.) Ltd.
6.1 DEL ITAT 10A ITA
Even a 100% EOU enjoying tax holiday u/s 10A is subject to TP provisions
6.2 70TM388 Special Exemption
Transcend MT Services (P.) Ltd.
