1. VOLUME NO.: LLAT/819 OF 2016-17 DATE: 2 August 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 SC 194-I ITA
TDS under section 194C apllies on landing and parking charges for Aircrafts as the
same is not for use of land.
1.2 60TM071 TDS
Japan Airlines Co. Ltd.
2.1 CHD ITAT 271(1)(c) ITA
Penalty could not be leived where only part of addition was confirmed by TRIB.
2.2 61TM230 Penalty
Jasbir Singh Saini
3.1 P&H HC 246 264 ITA
Statutory remedy of filing appeal was not allowed after revision petition u/s 264 was
rejected.
3.2 51TM199 Appeal
Jaskaran Singh
4.1 GUJ HC 10(37) ITA
Exemption was allowable under section 10(37) even if agricultural land was not
cultivated A himself but through hired labourer or other family member.
4.2 47TM406 Exemption
Jasubhai Somabhai Patel
5.1 RAJ HC 32 ITA
Depreciation is allowable on beneficial ownership of assets even if its not followed by
registered title.
5.2 43TM159 Depreciation
Jawahar Kala Kendra
6.1 DEL ITAT 115JB ITA
If the entity is a bank or other financial institution the current interest rate applicable
to the funds lent to the PE is deductible to the borrower (PE).
6.2 152 ITD 0796 MAT
The Bank of Tokyo- Mitsubishi UFJ Ltd
