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VOLUME NO.: LLAT/1516 OF 2016-17 DATE: 1 August 2016
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
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 AHD ITAT 9
Under DTAA with USA payments for bio-analytical services are not FTS
1.2 70TM325 Deemed income
B.A. Research India (P.) Ltd
2.1 CHD ITAT 269SS 271D 273B
when cash was received only for making investment on behalf of payer it does not
attract penalty
2.2 70TM335 Evasion of tax
Mohanjeet Singh
3.1 DEL ITAT 92C
Loan advanced in foreign currency to be benchmarked using LIBOR and not prime
lending rate of SBI
3.2 70TM338 Transfer pricing
Baba Global Ltd
4.1 CHENN ITAT 54F
If interest in 2 houses is < 2 (when it is only partial in one of the two) exemption will
not be denied
4.2 70TM340 Exemption from CG
Mrs. V.R. Usha
5.1 CHENN ITAT 92C
TPO has to show comparables to say that payment in excess of what is deserved
5.2 70TM342 Transfer pricing
Flakt (India) Ltd.
6.1 DEL ITAT 92C
Manufacturer and software development services are not comparable
6.2 70TM349 Transfer pricing
ION Trading India (P.) Ltd

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1516 1 aug_2016

  • 1. VOLUME NO.: LLAT/1516 OF 2016-17 DATE: 1 August 2016 _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 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 AHD ITAT 9 Under DTAA with USA payments for bio-analytical services are not FTS 1.2 70TM325 Deemed income B.A. Research India (P.) Ltd 2.1 CHD ITAT 269SS 271D 273B when cash was received only for making investment on behalf of payer it does not attract penalty 2.2 70TM335 Evasion of tax Mohanjeet Singh 3.1 DEL ITAT 92C Loan advanced in foreign currency to be benchmarked using LIBOR and not prime lending rate of SBI 3.2 70TM338 Transfer pricing Baba Global Ltd 4.1 CHENN ITAT 54F If interest in 2 houses is < 2 (when it is only partial in one of the two) exemption will not be denied 4.2 70TM340 Exemption from CG Mrs. V.R. Usha 5.1 CHENN ITAT 92C TPO has to show comparables to say that payment in excess of what is deserved 5.2 70TM342 Transfer pricing Flakt (India) Ltd. 6.1 DEL ITAT 92C Manufacturer and software development services are not comparable 6.2 70TM349 Transfer pricing ION Trading India (P.) Ltd