This document provides a summary of recent legal landmarks in India. It lists 6 cases from various High Courts and their key rulings. The cases addressed issues such as what constitutes a permanent establishment for tax purposes, the powers of tax officials to issue notices, whether income from hoardings is taxable, allowability of unused input tax credits, requirements for charitable trust registration, and treatment of government security premiums paid by banks.

1. VOLUME NO.: LLAT/827 OF 2016-17 DATE: 12 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 DEL ITAT 9 ITA
Period of existence of independent project offices shall not be clubbed to determine
PE in India
1.2 43TM002 DTAA
Sumitomo Corporation
2.1 KOL HC 132 ITA
Deputy director can issue notice u/s 131(1A) without disclosing his reason on
suspecting concealed income
2.2 43TM057 S & S
Sumermal Jain
3.1 GUJ HC 56 ITA
Income from hoardings earned by Municipal Corporation is taxable
3.2 43TM099 Busi. Inc
Rajkot Municipal Corporation
4.1 DEL HC 37 ITA
MODVAT Credit are allowable exp. if it remained unutilized due to payment of excise
and custom duty
4.2 43TM104 Busi. Exp
Samtel India Ltd
5.1 MAD HC 12AA ITA
Commencement of charitable activities not a pre-condition to grant registration to
trust.
5.2 43TM142 Ch.Trust
Seervi Samaj Tambaram Trust
6.1 GUJ HC 28(i) ITA
Premium paid by bank for acquisition of G-Secs to maintain its SLR to be amortized
over period of maturity
6.2 43TM161 Cap. Receipts
Rajkot Dist. Co-op Bank Ltd