Here is Portfolio page of Ankur, with all his work

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.-...
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
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 ...
As assessees had insufficient cause, thus delay in filling case was not condoned
Dec. 11, 2015
In search, documents, a/c books & papers seized from office of assessees. AO issued notice u/s 153A for block assessm't proceedings. AO passed assessm't order by making addit'ns. CIT(A) & ITAT upheld AO's order. On appeal HC found, assessees have not shown sufficient cause for condoning delay. Parameters laid down by SC in in Esha Bhattacharjee v. Managing Committee of Raghunathpur, Nafar Academy 2013 (5) CTC 547 delay held not to be cond...
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).-...
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...
Section 66, 67(o) Finance Act held ultra vires to contitution, SC
Apr. 08, 2016
On writ HC held, Sec. 66, 67(o) of Finance Act, 1994 & other provisions related to Kalyana Mandapams & Mandap-Keepers to be intra vires of Constitution of India. On writ SC held, it has been a well established judicial principle that so long as legislation is in substance, on matter assigned to legislature enacting that statute, it must be held valid in its entirety even though it may trench upon matters beyond its competence.
Works manager & supervisors held to be in category of workers, HC
Dec. 24, 2015
Assessee mfd. polythene bags & tubes. It claimed deduct'n u/s 80-IB. Assessee employed only 8 workers in manufacturing process, AO disallowed deduct'n. On appeal CIT(A) & ITAT allowed it. On appeal ITAT upheld it holding, works manager is like highly technical qualified worker having managerial responsibility, likewise, supervisor is also like highly skilled supervisory worker. Therefore, both these persons fall within the categories of w...
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.&...