Legal Landmarks

1. VOLUME NO.: LLAT/803 OF 2016-17 DATE: 15 July 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 MUM ITAT 32 41(4) ITA
Depreciation was allowable on intangibles transferred on succession of business of a
company on going concern basis.
1.2 47TM389 Depreciation
Elster Metering (P.) Ltd
2.1 DEL HC 226 ITA
Statement of garnishee can be scrutinized u/s 226 without examining nature or
existence of liability.
2.2 46TM151 Collection and Recovery
Emaar MGF Land Ltd
3.1 HP HC 80HHC 80-IA ITA
Deduction u/s 80-IA 80-IB or 80HHC can be claimed fully as each provision is an
independent provision.
3.2 45TM294 Deduction
Emmbros Metal (P.) Ltd
4.1 DEL ITAT 253(1)(a) ITA
Appeal can be filed before TRIB against an order of CIT(A) rejecting the stay
application.
4.2 ITA No 1766_2015 Appellable orders
Employees Provident Fund Organization
5.1 MUM ITAT 43(5) ITA
DR can only support order of AO and cannot set up an altogether new case before
TRIB.
5.2 ITA No 2138_2010 Speculative Transactions
Envision Investment & Finance Pvt. Ltd
6.1 COCH ITAT 201 133 197A ITA
Bank could not be held as defaulter for not deducting TDS against Form 15G/15H in
absence of any deficiency therein.
6.2 53TM032 TDS
Ernakulam District Co-op Bank Ltd