This document provides a summary of recent legal landmarks in Indian tax law. It lists 6 cases from various High Courts and the Income Tax Appellate Tribunal. Each case listing includes the authority, section/rules discussed, key ratio or principle from the case, citation details, and name of the assessed party. The cases cover topics like penalty deletion, interest on default of advance tax, capital gains tax characterization, block assessments, tax treatment of interest income, and double taxation avoidance agreements.

1. VOLUME NO.: LLAT/825 OF 2016-17 DATE: 9 August 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 KAR HC 271 ITA
HC deletes penalty as A withdraw valid relief relying on revenue
1.2 42TM258 Penalty
Oscar Udyog Ltd
2.1 P&H HC 115JA ITA
Even MAT companies are liable to pay interest on default of advance tax
2.2 42TM363 MAT
Swaraj Mazda Ltd
3.1 GUJ HC 45 ITA
Income from land dealings was taxable as capital gain in absence of proof of regular
land dealings by A
3.2 42TM364 Cap. Gain
Natwarlal C. Bhandari
4.1 MAD HC 158BB ITA
A subjected to block assessment if he files his return after search but before initiation
of proceedings
4.2 42TM385 Block Assessment
R. Rangasamy
5.1 GUJ HC 56 ITA
Interest earned on Govt. grant not taxable if it formed part of grant to be released in
totality
5.2 42TM405 Busi. Inc
SAR Infracon (P.) Ltd
6.1 CHENN ITAT 9 ITA
Income of Malaysian branch of Indian Co. not taxable in India if it was taxable in
Malaysia on existence of PE
6.2 42TM418 DTAA
Sivagami Holdings (P.) Ltd