1. VOLUME NO.: LLAT/851 OF 2016-17 DATE: 8 September 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 CUTK ITAT 272A 200 ITA
Penalty for delay in filing TDS return to be levied from date of deposit of TDS instead
of due date of filing return
1.2 59TM365 Penalty
N.K. Media Ventures (P.) Ltd
2.1 ALLBD HC 68 ITA
Petty cash received from relatives couldnt be held as unexplained
2.2 58TM338 Income from CC
Radha Raman Agrawal
3.1 GUJ HC 4 ITA
Premium received by society on transfer of plots wasnt taxable as it was utilized for
benefit of its members
3.2 59TM104 Chargeability
Prabhukunj Co-op. Housing Society Ltd
4.1 MAD HC 10(38) 45 ITA
Profit on sale of shares held as capital gains as shares were held by A for investment
purpose
4.2 55TM193 Exemption
Stargate Investments (P.) Ltd
5.1 BOM HC 69A 148 ITA
Re-assessment quashed as A established genuineness of business loan taken
through a/c payee cheque
5.2 60TM134 Unexp. Money
Rushab Enterprises
6.1 BOM HC 244A ITA
Refund of self-assessment tax is entitled to interest
6.2 WP No 823_2000 Refunds
The Stock Holding Corporation of India
