Here is Portfolio page of Rajeev, with all his work

Def. of rent u/s 194-I do not provide any item for vehicle hire charges, ITAT.
Nov. 03, 2015
Assessee developed areas. It hired cars on fixed rent & deducted tax at rate of 2% treating same as contract. AO raised demand for short-deduction of tax u/s 201 & interest u/s 201(1A). CIT upheld it. On appeal ITAT held, definition of rent u/s 194-I does not provide any item for vehicle hire charges. Therefore, provisions of Sec.194-I had been wrongly applied by AO. Thus, demand & interest thereon for short fall noted by AO were deleted.-010563
CIT held right in annulling order of successor AO as was overruling previous AO.
Nov. 03, 2015
On notice of fact that income chargeable to tax had escaped assessment. It was re-opened u/s 147 & AO passed order u/s 143(3). On appeal CIT held against AO. On appeal ITAT allowed order passed by AO. On appeal HC held that by invocation of Sec.147, successor AO sat over decision of earlier AO order passed u/s 143(3) with respect to issues sought to be covered under section 147. Thus, CIT was justified in anulling order of successor AO.-000300
Art.7 of DTAA between India & Singapore held inapplicable, commi'sn held profit.
Dec. 24, 2015
AO held, assessee had paid Commission of Rs. 22.20 lacs to DLM a Singapore based Co., However, no TDS had been deducted in respect of commission so paid. As DLM provided services in India, thus he disallowed commission. On appeal CIT(A) deleted disallowance. On appeal ITAT upheld it holding, commission earned by DLM has was business profit of DLM & therefore, article 7 of DTAA entered into between India & Singapore will not be applica…
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.-01…
Collector has power to release defaulter if amount due is paid.
Oct. 30, 2015
Assessee was arrested on ground of will fully with holding payment of arrears of tax & for tax evasion. On appeal HC set him free. On appeal SC held against HC decision stating that, Collector has power to release defaulter if amount due is paid. One of conditions precedent to action u/s 48 is existence of arrears of revenue. On payment of arrears, that condition no longer exists & debtor must clearly be entitled to release & freedom from arrest.-0…
As tenancy belonged to individual partners, asseessee can't be taxed on rent.
Nov. 03, 2015
Assessee ran business of rental premises. AO after survey found an agreement indicating surrender of tenancy by assessee-firm in favour of builder. AO taxed rent. On appeal CIT(A) & ITAT deleted tax on ground that tenancy of rental premises belonged to individual partners & not to assessee. Also, it was tripartite agreement & rent was normal allowable business expenditure of Assessee's firm. On appeal HC upheld both CIT(A) & ITAT findings.-000286
Contingent liability w/r/o unexpired risk, not "accruing liability" u/r 2. SC
Oct. 30, 2015
Assessee-Co. ran different insurance business. On question whether amounts shown by insurance company as reserves for unexpired risks on pending policies were liable to be deducted u/r 2, HC held against assessee. On appeal SC held, reserve liability can't have contributed to running of business. Can't be held to be "accruing liability" within rule 2. Hence, contingent liability in respect of unexpired risk is not "accruing liability" u/r 2.-010425
Entire Mobilization on oil & gas exploration services held taxable by HC.
Nov. 02, 2015
On Q., If mobilization revenues taxable in India limited only to revenues attributable to distance traveled in Indian territorial waters as compared to total distance travelled from India. HC held, if part of income falls under royalties/fees for technical services, no scope to assess receipts under these heads, once it is held that income is from its oil exploration & production activities as envisaged u/s 44BB. Entire mobilization taxable.-01…

Here is business page of Rajeev, with all his work

About Portfolio

My dear ,

My dear ,

Do you want to subscribe ? I would give you a free coupon to help you start calling.

Ok , no issues, if you have a question then you can try the search feature at quaremon.

Hi Thakurani,
I want to deposit in my account
Thanks,

Here is business page of Rajeev, with all his work

About Portfolio

My dear ,

My dear ,

Do you want to subscribe ? I would give you a free coupon to help you start calling.

Ok , no issues, if you have a question then you can try the search feature at quaremon.

Hi Thakurani,I want to deposit in my accountThanks,

Hi Thakurani,
I want to deposit in my account
Thanks,