Here is Portfolio page of Ankur, with all his work

Assessee-Bank held liable to pay interest u/s 201(1A) as failed to deduct TDS.
Dec. 09, 2015
Assessee-bank failed to deduct TDS on deposits made by (HPSEB). AO held assessee to be in default & determined liability u/s 201(1) & 201(1A). On appeal, CIT(A) upheld it. On appeal ITAT held, assessee-bank was required to deduct tax. Since assessee has later on deducted tax at 1% which was also approved by Income-tax authorities, there can't be any default for deduct'n of tax on part of bank & assessee liable to pay interest u/s 201(...
Amounts held includible in total receipt u/s 44BB for levy of tax at 10% rate.
Dec. 10, 2015
Assessee NR Co. explored & produced in India. It declared its revenues on account of two contracts with 'X' Co. & offered its receipts to tax at rate 10% according to proviso. of Sec. 44BB. AO rejected it & included amounts in total receipt. In light of CIT v. Halliburton Offshore Services Inc. [2008] 300 ITR 265, CIT held, both amts. are includible in total receipt provided u/s 44BB for levy of tax at rate of 10%. ITAT upheld it on a...
Roll over charges represent diff. arising due to change in foreign ex. rates. SC
Nov. 06, 2015
Assessee-Co procured foreign currency loan for business expansion. AO disallowed roll over premium charges paid by assessee for foreign ex. forward contracts to bank on ground, charges were incurred in connection with purchase of capital asset. Hence, were inadmissible for deduction u/s 36(1)(iii) or u/s 37. On appeal CIT & HC allowed it. On appeal SC held, Roll over charges represent difference arising on account of change in foreign ex. rates....
As assessees business to earn money using its machinery, it was taxed u/s 2(5).
Nov. 09, 2015
Assessee manufactured silk cloth installed plant for dyeing silk yarn. Due to war could not obtain silk & make use of plant. EPTO included sum realized as rent in profits of business. ACC & Tribunal confirmed it on appeal. On reference HC held, income was not profits from business u/s 2(5) & can't be taxed as excess profits. On appeal SC reversed it, holding it normal activity of assessees business to earn money by making use of its ...
Int. income earned on fixed deposits as income from other sources fell u/s 80HHC
Nov. 04, 2015
Assessee imported & sold timber. Assessee had interest income earned on money lent to other parties. AO treated it as 'income from other sources. Assessee alleged it as 'business income. On appeals CIT & Tribunal rejected it. On appeal HC upheld it stating, interest income earned on fixed deposits, treated as income from other sources, hence, it is to be considered in calculation to be done in accordance with clause (baa) of Sec. 80HHC. -010593
Lifting of corporate veil by AO held in breach of principles of natural justice
Dec. 08, 2015
Tax dues were pending upon assessee, director of ltd Co. AO issued notice u/s 179 to recover outstanding dues. Assessee objected, as he was director of public ltd. Co. AO held that if conditions were satisfied for lifting of corporate veil, he could take public Ltd. Co. as pvt. ltd. Co. On writ, HC held, AO order based on lifting of corporate veil even if it is, would be in breach of principles of natural justice & hence, can't be sustained.&...
Assessee directed to show records on which change in accounting policy made.
Nov. 23, 2015
Assessee filed return declaring loss. Assessment completed u/s 143(3) &Sec.115JB. AO reopened assessment on ground of no change in accounting policy regarding dep. AO made addit'n to book profit on account of applying reduced rate of dep. CIT(A) upheld it. On appeal ITAT held, issue on merits is set aside to record of AO for deciding afresh after verification & examination of relevant record, which assessee has not produced before AO & Tribunal.-...
AO held erroneous in invoking Sec. 43 for determining actual cost in deal.
Nov. 02, 2015
Assessee acquired business of EMD at slump price. AO found, assessee enhanced value of assets as WDV of assets shown & disallowed excess depreciation. On appeal, CIT(A) held, there was no question of evading tax liability by assessee even if lower depreciation was granted. On appeal, ITAT upheld order of CIT(A). On appeal, HC upheld CIT(A) & ITAT decision stating that assessee had no income for it to reduce its tax liabilities by way of transfer....
Reduction claimed on computing book profits u/s 115JB, at 100 % allowed, SC.
Nov. 06, 2015
Asessee was MAT Co., while computing its book profits u/s 115JB, assessee claimed reduction under clause (iv) of Explanation to Sec. 115JB at 100 % of export profits. AO, allowed only 80% of export profits in terms of Sec. 80HHC(1B). On appeal CIT & Tribunal allowed 100%. On appeal HC held in favor of revenue. On appeal SC held, difference between eligibility & deductibility of profits can not be ascertained purely on basis of...
AO computed higher indirect cost that reduced benefits u/s 80HHC deleted by HC.
Nov. 04, 2015
Assessee-Co. traded & exported. It was entitled for deduction u/s 80HHC. AO computed higher indirect cost attributable to turnover by taking total indirect cost in ratio of export turnover & total turnover which reduced income benefit u/s 80HHC. CIT & ITAT allowed it. On appeal HC disallowed it holding that ITAT's decision allowed deduction in previous year. Thus, assessee held entitled to benefit of Rs.50 lacs & not Rs.30 lakhs u/s 80HHC(3)(b).-...