1. VOLUME NO.: LLAT/1526 OF 2016-17 DATE: 12 August 2016
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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 HC 43B
Issuance of debentures in lieu of overdue interest couldnt be held as actual
payments
1.2 72TM171 Disallowance
M.M. Aqua Technologies Ltd
2.1 DEL ITAT 92B
Exp. incurred prior to incorporation of AE couldnt be held as international transaction
2.2 72TM198 Transfer pricing
New Delhi Television Ltd
3.1 SC 9 260A
Actual usage of rig is necessary and not its ready to use condition to constitute PE
3.2 72TM186 Deemed income
R & B Falcon Offshore Co
4.1 PUN ITAT 194J
Sum paid for architectural design and drawings of Business Park couldnt be held as
FTS
4.2 72TM238 TDS
Gera Developments (P.) Ltd
5.1 DEL ITAT 40(a)(i)
Recruitment fee isnt taxable as FTS under India-USA treaty
5.2 72TM257 Disallowance
Stanley Consultants (P.) Ltd.
6.1 MUM ITAT 65
Wife need not pay tax on sale of joint property purchased by hubby out of his own
income
6.2 72TM281 Clubbing of income
Dr. Vandana Bhulchandani
