The document is a letter from Anand Mehta & Co. consultants listing recent legal landmarks related to taxation. It provides 6 main points each with a citation from a legal authority and court case. For each point it lists the section or rule and a brief description of the legal ratio or principle from the cited case. The letter offers to provide more information on the legal rulings and assures the client of their best services.

1. VOLUME NO.: LLAT/ 517 OF 2012-13 DATE: 4th July, 2012
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Dear Client,
We have pleasure in listing below some of the recent legal landmarks.
SR. AUTHORITY SECTION / RULES / RATIO(S)
NO. CITATIONS SUBJECT CASE(NAME OF ASSESSEE)
1.1 Mum Trib 145, ITA Only expected losses which are in proportion to the
work actually completed are allowed as deduction
1.2 15 TM 352 Method of A/c Shivshahi Punarvasan Prakalp Ltd.
2.1 Del Trib 68, ITA Information from investigation wing about receipt of
money from an accommodation entry provider is
enough for re-opening of assessment
2.2 18 TM 311 Cash Credit Rajat Export Import Idia (P.) Ltd.
3.1 Kar Trib 37, ITA Royalty paid for know-how and technology granted
to “a” as licence for 'use' only is allowable
3.2 18 TM 365 Busi.Exp Luwa India Ltd.
4.1 Mum Trib 50B, ITA The transaction of transfer of entire unit including
intangible assets is a slump sale
4.2 18 TM 366 Cap Gains Polychem Ltd.
5.1 Chand Trib 56, ITA Gift received on the occasion of own marriage is
exempt u/s 56 and not the gift received on the
marriage of one's child
5.2 18 TM 91 Busi.Inc Rajinder Mohan Lal
6.1 Mum Trib 48, ITA Indexed cost of acquisition to be computed from the
relevant previous year in which previous owner
acquired the asset
6.2 16 TM 42 Cap Gains Manjula J. Shah
Please let us know if you need any further information on these.
Thanking you and assuring you of our best services at all times.
Yours Faithfully,
For Anand Mehta & Co .,
(CONSULTANTS) PVT. LTD.
Anand V. Mehta
DIRECTOR
A mind of a consultant with a heart of a friend.
Mumbai Office- 334, Mulratna 1st Floor Narshi Natha Street Masjid (W) Mumbai 40009
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