Here is Portfolio page of Rajeev, with all his work

Strict parameter laid, to be followed for registration as charitable society, HC
Nov. 02, 2015
Assessee-society was charitable institution u/s 2(15). It ran school. AO denied Rs.5 lacks given by 'S' to school as given for charitable purpose. CIT & Tribuanl dismissed appeal against it. On appeal HC held, organization will have to measure up to strict parameters laid down to continue to enjoy benefit of exemption from payment of Income-tax, failing which it may be deprived of its registration as charitable institution & benefit of exemption....
Interest received as part of sale consideration held "capital gain" by HC.
Nov. 02, 2015
Assessee company was under liquidation. Mill belonging to assessee-company sold in public auction. AO assessed amount of interest as income under head 'Income from other sources'. Liquidator under capital gains. On writ HC held, interest received was part of sale consideration & therefore, same could not be treated as income from other sources under Sec. 56. Said amount should be treated only as capital gain u/s 45 for purpose of assessment.-010554
AO held incorrect as profit earned by assessee not taxable as business income.
Dec. 30, 2015
Assessee sold shares of 'T' Ltd. to foreign Co.Income arising from sale of shares was declared as short term capital gain. AO opined that profit earned by assessee was taxable as business income. CIT(A) confirmed order of AO. On appeal ITAT held, assessee made investm't in shares with intention to earn dividend income on appreciation of price of shares. Therefore, it can't be said that assessee was doing business. Thus, AO action held incorrect.-...
Assesse's edu. sty. given reg. u/s 12A as fulfilled necessary conditions. ITAT
Dec. 11, 2015
Assessee (educat'nl sty) sought reg. u/s 12A. It was denied on many ground including that sty. was charging fees over & above fees prescribed by Govt. Thus, can't be held charitable sty. On appeal, ITAT held, there can't be any doubt that one of objects of sty. is to impart educat'n & for achieving it, assessee has established educat'nl institut'n & is imparting educat'n. Therefore, there can't be any doubt with regard to its ch...
Gains made on sale of investments by a share trader are capital gains and sho...
Nov. 26, 2015
Assessee invested in shares & securities. In return of assessee disclosed certain short-term capital gains on account of sale of shares. AO held, sale & purchase was not in nature of investm't & held it as business income & levied penalty. On appeal CIT(A) deleted penalty, as capital gains particulars were duly disclosed in return as well as in balance sheet as stock-in-trade for business. On appeal, ITAT & HC upheld CIT(A) decision.
Ref. denied as inappropriate for SC to enter adjudication of appeals on merits.
Nov. 02, 2015
Ref. application u/s 66(1) of I.T. Act was rejected by ITAT & Tribunal. On Appeal SC held, contrary to all notions of comity of courts & even though this was court which could in certain events set aside & overrule decisions of HC concerned, it could not by-pass normal procedure which was to be adopted for this purpose & achieve result indirectly in manner suggested by assessee. Thus, inappropriate for Court to enter upon adjudication on merits.-...
As source & nature of amount received not proved, So held of assessable nature.
Nov. 02, 2015
ITO held amount as concealed income & imposed tax rejecting assessee's explanation. On appeal Tribunal & HC upheld ITO decision. On appeal SC held, assessee fails to prove satisfactorily source & nature of certain amount of cash received during accounting year, ITO is entitled to draw inference that receipts are of assessable nature. Thus, conclusion of Tribunal was amply warranted by facts of case & no ground for interfering with that finding.-0...
Repayment of loan by person giving security is allowed as a business expense ...
Dec. 24, 2015
'E' took secured loan, where assessee's director gave security. E defaulted. So, assessee had to pay back the loan. Assessee claimed the repayment as deduction u/s 37. AO disallowed deduct'n on ground that payment was not in connection with business of assessee. On appeal,CIT(A), ITAT, HC allowed the deduction. HC held, it can't be construed that there was no 'commercial expediency' in payment. Appellate rightly held, exp. falls within Sec. 37.-0...
Statute has authority to direct creat'n of special reserves apart from manage...
Nov. 25, 2015
Assessee is NBFC. It leased commercial infrastructure construct'n machinery etc. Assessee filed return declaring loss under normal proviso. & book profit. AO made adjustment which were treated by assessee as Debt Redempt'n Reserve. On Q. wh. reserve created u/s 45-IC of RBI Act, 1934, is liability or reserve? HC held, Generally reserves are created at discret'n of managem't, but in certain cases statute can direct creat'n of special reserves.