This document provides a summary of recent legal landmarks across various authorities and sections of tax law. It lists 6 cases covering topics like exemptions under sections 54F and 10(23C) of the Income Tax Act, penalties under sections 271B and 271(1)(c), tax deducted at source under section 194C, and principles of substantive versus protective assessment under section 143. For each case, it provides details like the authority, sections involved, case name, and ratio or principle established.

1. VOLUME NO.: LLAT/746 OF 2016-17 DATE: 9 May 2014
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
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 MUM ITAT 54F 54EC ITA
Exemption under section 54 is to be allowed on acquiring built up area in lieu of
transfer of development rights.
1.2 41TM080 Exemption from CG
Jawahar N. Ghia & Others (AOP)
2.1 ALLBD HC 10(23C) 147 ITA
Exemption could not be denied where consideration certificate was not obtained due
to technical reason or delay on part of revenue
2.2 41TM087 Exemption
Motilal Memorial Society
3.1 ALLBD HC 44AB 271B ITA
No penalty could be leived on filing of unsigned report of auditor by mistake where
mistake was rectified.
3.2 41TM089 Penalty
Shivalik Medicare (P.) Ltd
4.1 ALLBD HC 143 ITA
Where certain addition made in substantive assessment said amount could not be
added to again in course of protective assessment.
4.2 41TM090 Assessment
Teachers Housing Co-operative Society
5.1 ALLBD HC 194C 40(a)(ia) ITA
Section 194C would not be attracted in case of purchase of goods and equipment.
5.2 41TM113 TDS
Krishna Kumar Goel
6.1 P&H HC 271(1)(c) 133A ITA
Penalty could not be leived as penalty notice had been issued not in course of
survey proceedings but after its closure.
6.2 41TM116 Penalty
Prem Tailor