1. VOLUME NO.: LLAT/1502 OF 2016-17 DATE: 15 July 2016
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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 DEL ITAT 30 37(1) ITA
Expenditure on repairs of rented premises even if huge and accumulated are
allowable as revenue expenditure.
1.2 ITA No 5393_2010 Deduction
Ikea Trading (India) P Ltd
2.1 RAIP ITAT 37(1) ITA
Explanation 2 to s. 37(1) inserted w.e.f. 01.04.2015 is not retrospective. It applies
only to CSR expenditure referred to in s. 135 of the Companies Act and not to
voluntary CSR expenditure which is fully allowable
2.2 ITA No 99_2012 Deduction
Jindal Power Limited
3.1 BOM HC 143(3) 147 148 ITA
S 148 notice issued to and reassessment order passed on a non-existing entity is
without jurisdiction. A writ petition can be entertained despite the presence of
alternate remedy
3.2 WP No 1069_2016 Assessment
Jitendra Chandralal Navlani
4.1 SC 68
whether sum received as foreign gift could be considered as undisclosed income ?
LLP granted
4.2 71TM049 Income from CC
Sandeep Goyal
5.1 KOL ITAT 92C
In respect of the services received from AE the ALP couldnt be fixed as Nil if third
party had paid price for such services
5.2 71TM057 Transfer Pricing
N L C Nalco (India) Ltd
6.1 MUM ITAT 5
contractor raised invoices on contractee which rejected the same due to bankruptcy-
there is no accrual
6.2 71TM062 Accrual Income
Bechtel International Inc
