Legal Landmarks

1. VOLUME NO.: LLAT/1501 OF 2016-17 DATE: 14 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 RAIP ITAT 37(1) ITA
The Explanation on disallowance of CSR exp. Is not retrospective
1.2 70TM389 Deduction
Jindal Power Ltd.
2.1 MUM ITAT 2(14) 45 54 ITA
Development right of property is a capital asset
2.2 70TM401 Transfer
Bharat Raojibhai Patel
3.1 RAJ HC 12A ITA
CIT cannot inquire about application of income of trust for charitable purposes at the
time of Registration
3.2 70TM403 Applicability of S 11 and 12
Gopi Ram Goyal Charitable Trust
4.1 RAIP ITAT 40(a)(ia) ITA
If there are conflicting judgments of non-jurisdiction High Courts the Tribunal has to
follow the view which is in favour of the A even if it believes that this view is not the
correct law.
4.2 ITA No 106_2016 Disallowance
R K P Company
5.1 BOM HC 115JA 115JB 4 ITA
Amount received from a person in wrongful possession of property(Mesne profits ) is
a capital receipt and not chargeable to tax either as income or as book profits
5.2 ITA No 2356_2013 MAT
Goodwill Theatres Pvt. Ltd
6.1 BOM HC 195 37(1) 40(a)(i) 9(1)(vii) ITA
Law laid down by the Tribunal in (i) Central Bank of India v/s. DCIT 42 SOT 450 that
under Art 26(3) of India-USA DTAA payments to Non-Residents are equated with
payments to Residents & so s. 40(a)(i) disallowance is not valid and (ii) in DCIT v/s.
B
6.2 ITA No 330_2013 TDS
CitiBank N.A.