Legal Landmarks

1. VOLUME NO.: LLAT/1504 OF 2016-17 DATE: 18 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 BOM 37(1) 30 32
Renovation expenditure on leasehold land held capital expenditure
1.2 71TM137 Deduction
RPG Enterprises Ltd.
2.1 DEL ITAT 2(15) 11
Organizing Auto Expo for growth of automobile sector is a charitable activity
2.2 71TM138 Charitable purpose
Society of Indian Automobile Manufacturers
3.1 BANG ITAT 92C
Comparable can not be selected on basis of info obtained u/s 133(6) if such info
wasnt furnished to A
3.2 71TM139 Transfer pricing
Infineon Technologies India (P.) Ltd
4.1 DEL ITAT 12AA 12A 13
A formal deed of trust is not a precondition to obtain registration
4.2 71TM140 Registration
Tsurphu Labrang
5.1 KAR HC 11 32
Amendment that bars on dual deduction to trust on purchase of asset is not to apply
retrospectively
5.2 71TM192 Charitable income
Bangalore Baptist Hospital Society
6.1 MUM ITAT 54F
if taxpayer is unable to get possession of flat due to default of the builder he will not
lose the exemption
6.2 71TM198 Exemption from CG
Rajeev B. Shah