1. VOLUME NO.: LLAT/767 OF 2016-17 DATE: 3 June 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 KOL HC 37(1) 254 ITA
Balance deferred revenue expenditure was allowable to A where A had taken
decision to abandon project in relevant year.
1.2 65TM311 Deduction
Alcove Industries Ltd
2.1 DEL HC 2(22) ITA
Share application money cannot be treated as loan or deposits or advance merely
because shares were issued belatedly in subsequent year.
2.2 49TM389 Deemed dividend
Alpex Exports (P.) Ltd
3.1 BOM HC 145 ITA
Addition could not be made to As income merely on basis of an e-mail recovered
during course of search action at premises of another person and there was no
independent material available supporting such an addition.
3.2 45TM205 Accounting method
Alpha Impex (P.) Ltd
4.1 BANG ITAT 92C ITA
CUP method could not be applied as most appropriate method for determining ALP
where there was no similarity of product purcahsed from Associated Enterprise and
Non Associated Enterprise.
4.2 65TM296 Tranfer Pricing
Alpha ITL Electro Optics (P.) Ltd
5.1 HP HC 80-IA ITA
Freight subsidy amount would not be considered as an eligible profit for computation
of deduction under section 80-IA.
5.2 45TM093 Deduction
Alpine Industries
6.1 DEL ITAT 244A 154 ITA
Interest on refund could not be allowed under section 154 when it was specifically
provided for under section 244A.
6.2 47TM191 Refunds
Alps Industries Ltd
