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VOLUME NO.: LLAT/753 OF 2016-17 DATE: 17 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 HYD ITAT 92C ITA
Multiple year data not to be considered by TPO where current year data of
comparable companies are available on public domain.
1.2 41TM335 Transfer Pricing
Infotech Enterprises Ltd
2.1 DEL ITAT 254 ITA
Extension of stay of demand was to be allowed where amount involved in MAP was
fully covered by bank guarantee furnished by A.
2.2 41TM336 Appellable orders
Motorola Solutions (P.) Ltd
3.1 MUM ITAT 92C ITA
Comparables chosen by A cannot be excluded without considering cogent reasons
given by A.
3.2 41TM340 Tranfer Pricing
Tata Power Solar Systems Ltd
4.1 DEL ITAT 9 ITA
Amount received by the LO of a foreign company which is registered with ROC over
and above the expenses incurred by it were to be treated as its income taxable in
India.
4.2 41TM345 Deemed income
Brown & Sharpe Inc
5.1 HYD ITAT 37(1) ITA
Application software expenditure was not allowable as revenue expenditure even if it
was prone to obsolescence.
5.2 41TM350 Deduction
Srinivasa Resorts
6.1 HYD ITAT 194H 40(a)(ia) ITA
Commission payment cannot be considered under provisions of section 194H before
introduction of application of provision of section 194H.
6.2 41TM354 TDS
Maxima Estates (P.) Ltd

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753 17 may_2014

  • 1. VOLUME NO.: LLAT/753 OF 2016-17 DATE: 17 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 HYD ITAT 92C ITA Multiple year data not to be considered by TPO where current year data of comparable companies are available on public domain. 1.2 41TM335 Transfer Pricing Infotech Enterprises Ltd 2.1 DEL ITAT 254 ITA Extension of stay of demand was to be allowed where amount involved in MAP was fully covered by bank guarantee furnished by A. 2.2 41TM336 Appellable orders Motorola Solutions (P.) Ltd 3.1 MUM ITAT 92C ITA Comparables chosen by A cannot be excluded without considering cogent reasons given by A. 3.2 41TM340 Tranfer Pricing Tata Power Solar Systems Ltd 4.1 DEL ITAT 9 ITA Amount received by the LO of a foreign company which is registered with ROC over and above the expenses incurred by it were to be treated as its income taxable in India. 4.2 41TM345 Deemed income Brown & Sharpe Inc 5.1 HYD ITAT 37(1) ITA Application software expenditure was not allowable as revenue expenditure even if it was prone to obsolescence. 5.2 41TM350 Deduction Srinivasa Resorts 6.1 HYD ITAT 194H 40(a)(ia) ITA Commission payment cannot be considered under provisions of section 194H before introduction of application of provision of section 194H. 6.2 41TM354 TDS Maxima Estates (P.) Ltd