Here is Portfolio page of Ak, with all his work

Amt. received on parking charges was held assessable to tax in assessm'nt, HC
Dec. 09, 2015
Assessee was builder & developer. It followed project completion method for paying its taxes. AO issued notice u/s 148 on ground of non-filling of return & income received from parking charges was assessed to tax. On appeal ITAT held, amt. received on parking charges has nothing to do with assessee's project & was assessable to tax in assessm'nt. This has been accepted by assessee. & upheld levying of interest too. On appeal, HC uph…
Demand of stay on AO order rejecetd as no reasonable grounds are made out, HC
Dec. 11, 2015
AO made addit'n to assessee's income on account of adjustm't on ALP, disallowance of loss on sale of assets etc. Also, levied penalty u/s 271(1)(c) for furnishing inaccurate particulars of income. AO granted partial stay on demand by assessee. On writ, HC held, no reasonable grounds made out to direct respondents to grant stay in respect of entire disputed outstanding demand or to grant injunct'n from taking coercive action in recovering demand.
Commissioner is to perform quasi-judicial functions to decide allegations, HC.
Nov. 02, 2015
AO passed assessment order u/s 158BC on undisclosed income. Assessee filed application before Settlement Commission. It passed order accepting amount offered by assessee as undisclosed income. Show cause notice issued by commissioner. On writ HC held, it was Commissioner who was ultimately to perform quasi-judicial functions as per provisio. to decide about correctness or otherwise of allegations made by him. Show cause notice rightly issued.-010548
SAT directed SEBI to completely investigate insider trading case in two months.
Nov. 05, 2015
Appellant was restrained from dealing in securities or accessing Indian Securities market directly or indirectly. On appeal SAT held, prima facie view taken by SEBI that before entering into trades, appellant was privy to UPSI that L&T has fixed the floor price for selling the shares of LTFH at Rs. 70 per share is based on mere presumption & without any sustainable basis. In these circumstances, continuation of the restraint order is unjust…
Selling in brand name held no bar to claim benefit by manufacturing activity.
Nov. 03, 2015
Assessee manufactured electronic goods & claimed deduction u/s 80-IC. AO disallowed it, as only brand name of parent company was traded & manufacturing activities were inadequate. Thus, LCD monitor claimed to be manufactured by assessee was not covered under Schedule XIV. On appeal ITAT & HC allowed deduction holding that selling product in brand name was no bar to claim benefit on account of manufacturing activity of assembling components. -000297
Dep. claimed by assessee on tech. know-how & DMF allowed by ITAT.
Dec. 08, 2015
Assessee-co. mfd. & sold active pharma. ingredients & its intermediates. In return it declared loss u/s 115JB. In assessm't. AO noticing assessee's internat'nl transact'n referred it to TPO for determining its ALP. AO in assessment determined loss in book of a/c as shown by assessee. CIT(A) u/s 263 disallowed dep. on technical know-how & DMF. On appeal ITAT set aside CIT( A) decision & restored AO's holding, jurisdict'n u/s 263 not justified.
Assessees claim of 25% Depreciation was rejected on ground of wrong valuation.
Oct. 30, 2015
Assessee claimed 25% depreciation on intangible assets. AO accepted it. Survey u/s 133A was carried out on assessee. Certificate issued by valuer was only for internal use of company & could not be used for claiming depreciation. AO issued notice u/s 148. On writ HC held that notices have not been issued on basis of change of opinion but on basis of fresh tangible material obtained during survey. Thus AO was correct in issuing notices.-000278
Lease rent paid till commencement of production held as revenue expenditure.
Nov. 03, 2015
Assessee filed income return declaring total income at 'Nil. Notices u/s 143(2) & 142(1) were issued to him. AO made additions to income of assessee. On appeal CIT(A) partly allowed appeal. On appeal ITAT held, lease rent paid under arrangement for imported machinery & equipments for establishing manufacturing Plant by assessee, for period new plant had not commenced production, was revenue expenditure. On appeal HC upheld ITAT decision.-000285
Income addit'n by AO required fresh considerat'n, thus matter remanded to AO.
Dec. 24, 2015
Assessee-Co. was running stock ex. It was collecting listing fee from Co's listed in its stock ex. at prescribed rate. Assessee followed mercantile system of accounting. On appeal CIT(A) deleted addit'ns. On appeal ITAT held, In absence of explanations of assessee as to how element of uncertainty exists in respect of listing fee receivable from each of Co., not possible to adjudicate this issue. Thus, issue required fresh examinat'n at end of AO.-0…
Element of discrimination in refusing benefits to assessee by AO, held HC.
Nov. 02, 2015
u/s 144/147 &10(26AAA), AO held assessee non-Sikkimese & denied benefit in tax. On writ HC held, element of discrimination in refusing benefits ,merely because assessment proceedings had already been initiated & best orders were passed for assessment years, overlooking clarification that same is applicable even in case of reassessment. Settled law that benevolent circulars providing administrative relief to assessee have to be given effect.-010552