This document provides a summary of recent legal landmarks related to taxation in India. It lists 6 cases from various High Courts and the Income Tax Appellate Tribunal. For each case, it provides the authority, section/rules discussed, a brief description of the ratio or legal principle from the case, and citation details including the name of the assessee involved. The cases covered relate to topics like taxation of unsold property income, permanent establishment rules, taxability of commission payments to non-resident agents, transfer pricing adjustments, allowability of registration fee payments as a deduction, and classification of rental income.

1. VOLUME NO.: LLAT/1528 OF 2016-17 DATE: 15 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 22
Annual letting value of unsold flats of builder could be taxed
1.2 72TM254 House property income
Ansal Housing & Construction
2.1 MAD HC 9
Plantation in Malaysia deemed as PE
2.2 72TM246 Deemed income
M. R. M. Plantations (P.) Ltd
3.1 AHD ITAT 9 195 40(a)(i)
Commission paid to NR agent for rendering services outside India isnt taxable in
India
3.2 72TM284 Deemed income
Excel Chemicals India Ltd.
4.1 GUJ HC 92C
HC deletes TP addition as there was no evidence suggesting that A had provided
guarantee to its AE
4.2 72TM285 Transfer pricing
Adani Enterprises Ltd.
5.1 BOM HC 37(1) 35D
Registration fee paid to SEBI via cheque couldnt be disallowed
5.2 72TM286 Deduction
J.M. Financial Securities (P.) Ltd.
6.1 DEL HC 28(i) 148
Rental income taxed as business income as it was only source of income
6.2 72TM287 Business income
Agya Ram