Legal Landmarks

1. VOLUME NO.: LLAT/810 OF 2016-17 DATE: 23 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 CHD ITAT 68 ITA
Addition on account of unexplained money cannot be made on re-deposit of excess
withdrawals made out of explained bank deposits.
1.2 61TM425 Income from CC
Gurpreet Singh
2.1 DEL HC 12A ITA
Section12A registration to Guru Harkishan Medical Trust could not be denied as it
was created contrary to law.
2.2 43TM400 Registration
Guru Harkishan Medical Trust
3.1 SC 9(1)(i) 9(1)(vii) ITA
Amount paid to non-resident professional for preparation of scheme for raising
finance and tie up for loans was FTS.
3.2 54TM347 Deemed income
GVK Industries Ltd.
4.1 CHD ITAT 54F ITA
Since profit arising on sale of agricultural land held in name of wife of A had been
assessed in hands of A deduction claimed could not be denied on basis of view
taken by AO.
4.2 45TM032 CG
Hardev Singh
5.1 MAD HC 12A 12AA ITA
Where there was delay by donor in handing over property to trust the same could not
be attributed to fault of trust hence Department was at error in declining to grant
registration.
5.2 52TM227 Registration
Hare Krishna Movement
6.1 CUTK ITAT 54F ITA
Exemption was not allowed on construction of house without permission of
Municipality.
6.2 46TM139 Exemption
Harendra Kumar Das