The Active Management Value Ratio: The New Science of Benchmarking Investment...
1525 11 aug_2016
1. VOLUME NO.: LLAT/1525 OF 2016-17 DATE: 11 August 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 AHD ITAT 80P(2)(a)(i)
Where money was deposited in bank so as to earn interest said interest income was
attributable to carrying on business of banking and therefore it was liable to be
deducted in terms of S 80P(1).
1.2 28CCH558 Deductions
State Bank of India Employees Co-Op. Credit & Supp
2.1 ASR ITAT 10(34) 144
When the A had made payments of interest against amounts borrowed for
construction of building therefore interest was allowable deduction against the rent
income received from such building.
2.2 47CCH591 Exemption
Kamal Gandhi & anr
3.1 MUM ITAT 28(i) 145
Valuation loss in open derivative contract is allowable
3.2 72TM141 Business income
Mili Consultants & Investment (P.) Ltd
4.1 BANG ITAT 92C
Royalty paid to AE couldnt be rejected straightaway when A was manufacturing as
per license granted by AE
4.2 72TM163 Transfer pricing
Inteva Products India Automotive (P.) Ltd
5.1 DEL ITAT 9
Royalty income not connected with PE when no services were rendered by
employees of PE in India
5.2 72TM195 Deemed income
Iveco Spa
6.1 DEL ITAT 37(1) 92B 92CA
Expenditure incurred when AE was not in existence could not be classified as
International transaction
6.2 47CCH660 Deduction
NEW DELHI TELEVISION LTD. & ANR