1. VOLUME NO.: LLAT/760 OF 2016-17 DATE: 26 May 2014
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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 GUJ HC 254 ITA
AO has to take a fresh decision on remand and TRIB cannot restrict AO decision
only to a particular precedent.
1.2 41TM539 Appeallable Orders
Gujarat Alkalies and Chemicals Ltd
2.1 ALLBD HC 145 ITA
Rejection of books of account could not be made merely on the basis that two
different method had been employed for valuation of stock and for cost of production.
2.2 41TM542 Accounting method
Sanspareils Greenlands (P.) Ltd
3.1 MUM ITAT 37(1) ITA
Expenditure incurred to maintain identity of company was allowable if its financials
were made on non-going concern basis
3.2 41TM544 Business Expenditure
Oriental Seritech Ltd
4.1 AGRA ITAT 282 142 143 ITA
Notice given to A society at address reported in TDS Certificate is valid even if it was
address of its members.
4.2 41TM552 Notice
Dr. R.N. Gupta Technical & Educational Society
5.1 CHENN ITAT 13 11 ITA
Where expenses was not incurred on property of trustee as property was gifted to
trust there was no violation of section 13.
5.2 61TM130 Exemption
A.R. Rahman Foundation
6.1 DEL HC 222 220 254 ITA
AO was directed to lift attachmentwhere despite stay granted by TRIB AO attached
and took away proceeds of As bank account.
6.2 48TM354 Collection and recovery
A.T. Kearney India (P.) Ltd
