Legal Landmarks

1. VOLUME NO.: LLAT/811 OF 2016-17 DATE: 24 July 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 DEL ITAT 282 143 127 142 ITA
Where A did not intimate the new address to department notice served on old
address could not be quashed.
1.2 67TM109 Notice
Harvinder Singh Jaggi
2.1 DEL ITAT 220 ITA
Interest on demand sustained in remand proceedings is to be paid by A where he
fails to pay initial demand.
2.2 56TM289 Collection and Recovery
HCL Corporation Ltd
3.1 DEL ITAT 92 ITA
For working out the PLI under TNMM projected profits of subsequent years can not
be considered.
3.2 66TM185 Tranfer Pricing
Headstrong Services India (P.) Ltd
4.1 PAT HC 69 132 ITA
Affidavit of gift received from spouse did not explain source of investments found in
search.
4.2 59TM271 Search and seizure
Hemant Kumar Ghosh
5.1 ALLBD HC 132B ITA
Recovery of tax from proceeds of seized assets could not be made before
completion of assessment.
5.2 45TM103 Search and seizure
Hemant Kumar Sindhi
6.1 PUN ITAT 92C ITA
TP adjustment could not be made by ignoring transaction in entirety and by picking
up those which are in AOs favour.
6.2 56TM012 Transfer Pricing
Henkel Adhesives Technologies India (P.) Ltd