Legal Landmarks

1. VOLUME NO.: LLAT/739 OF 2016-17 DATE: 30 April 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 GUJ HC 254 ITA
Condonation of delay in filing appeal allowed where there no is gross negligence or
mala file intention
1.2 40TM491 Appellable Orders
Jayvantsinh N Vaghela
2.1 CHENN ITAT 12A 2(15) 80G ITA
Registration could not be declined to a trust merely because once upon a time
trustee had been accused of heinous crimes and was awarded life imprisonment.
2.2 40TM514 Charitable Institutions
Sri Premananda Trust
3.1 MUM ITAT 14A ITA
Where income is not includible in total income corresponding expenditure has to be
disallowed.
3.2 40TM517 Disallowance
Mrs. Varsha R. Taurani
4.1 HYD ITAT 54F ITA
Where on date of transfer of original asset A owns more than one residential house
he is not eligible for exemption under section 54F even if other residential house is
owned by A wholly or partially.
4.2 40TM528 Exemption from CG
Apsara Bhavana Sai
5.1 GUJ HC 69C ITA
Lump sum ddition made to As income by TRIB on account of discrepancies in stock
was upheld.
5.2 40TM530 Unexplained expenditure
Jhaveri Industries
6.1 AP HC 281B ITA
Attachment order was to be limited to person against whom order was passed and
not extended to others in residential area.
6.2 40TM531 Provisional attachment
Mutta Venkata Ramana