Here is Portfolio page of Ankur, with all his work

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 ...
Sum paid by Co. to lessor was not revenue exp. made for working cap. asset, SC
Nov. 14, 2015
Assessee Co. acquired from State Govt. lease of limestone quarries for manufacture of cement. In a/c year Co. paid its lessor as per two covenants & claimed to deduct sum in computation of its business profits u/s 10(2)(xv). AAC, ITO & Tribunal rejected it. On reference HC upheld it. SC upheld it too holding that sum agreed to be paid by Co. to lessor was not revenue exp. which was made by Co. for working capital asset which it had acquired.-010366
No explanation for delay in amending petition, could'nt be condoned, held HC.
Nov. 04, 2015
Writ petition filed by trustees.They expired during proceedings. New trustees took over. They filed application for amendment in petition. Delay took place due to which condonation of delay was sought on ground that AOR informed them that records were not available. HC held, comparing with other entries in register, found that rule in writ petition was not discharged for default. Delay of 32 years was unexplained, thus can't be condoned.
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(...
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
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.-...
Non obstante clause in Sec. 80-IA(5) overrides all proviso. held HC.
Dec. 08, 2015
Tribunal held, u/s 80-IA(5), while computing profits from eligible business for allowing deduct'n u/s 80-IB, deduct'n of losses set off against profits from other business was to be taken into considerat'n. On appeal HC held, non obstante clause in Sec. 80-IA(5) overrides all proviso. In absence of non obstante clause & because of non-obstante clause, set off amount against other income of assessee has to be ignored. Tribunal's order was upheld.-...
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.&...
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....
Set-off claim of assessee disallowed by AO, allowed u/s 73 of I.T. Act by HC .
Dec. 11, 2015
Assessee was share broker & member of NSE & BSE Ltd. In return showed loss. Its set off claim was disallowed by AO as it was a pvt. Co. & not banking Co. CIT(A) upheld it. Tribunal held loss suffered as business loss. On appeal HC held, prohibit'n u/s 73 is attracted only to set off loss in speculative business against profit from other business, because loss from speculation business should be set off only from a profit of speculatio...

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