1. VOLUME NO.: LLAT/837 OF 2016-17 DATE: 25 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 HYD ITAT 271(1)(c) ITA
Income from offshore supply of cables couldnt be attributed to PE of NR in India.
1.2 48TM331 Penalty
Prysmian Cavi e Sistemi SRL
2.1 HYD ITAT 68 ITA
Exp. disallowed by TPO while computing ALP couldnt be considered for determining
operating margin as well
2.2 48TM080 Cash Credit
TNS India (P.) Ltd
3.1 BANG ITAT 92B ITA
ITAT directs AO to adopt TNMM on royalty paid to AE by following order passed in
earlier assessment year
3.2 52TM448 TP
Toyota Kirloskar Auto Parts (P.) Ltd.
4.1 DEL ITAT 158 ITA
TP adjustment set aside while making working capital adjustment as data of
assessee-co. wasnt analysed by TPO
4.2 46TM232 Assessment
Verifone Sales India (P.) Ltd
5.1 CHEN ITAT 2(15) ITA
Payment of export commission for services rendered outside India couldnt be
deemed as FTS to attract TDS
5.2 47TM133 Cap. Gain
T. Abdul Wahid Tanneries (P.) Ltd
6.1 DEL HC 11 ITA
Receipt of additional compensation on compulsory acquisition of capital assets is to
be taxed in year of receipt
6.2 49TM120 Ch.Trust
Sharda Kochhar
