Here is Portfolio page of Rajeev, with all his work

No provision regarding acceptance of resignation of director by company: CLB.
Nov. 06, 2015
Petition filed for direction to file Form 32 at office of ROC intimating petitioner's cessation from directorship. HC held, no provision in Co. Act or in regulations regarding acceptance of resign. of director by Co. In Art. of Co., no requirement of acceptance of resign. by Co., u/s Sec. 283, which prescribes vacation of office by directors for reasons, do not speak of acceptance of resign. Hence, director may at any time resign from his office.
Perverse finding of fact based on no evidence can be set aside in appeal held HC
Nov. 03, 2015
Assessee claimed deduction of staff medical & welfare expenses, power & full expense & laminating expenses. AO disallowed part of it. On appeal CIT deleted disallowance & Tribunal modified order. On appeal HC held, settled law , if finding of fact is perverse & based on no evidence, it can be set aside in appeal even though appeal is permissible only on substantial question of law. Perversity of finding itself becomes substantial question of law.-0…
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
Deduction claim of assessee u/s 80-IA(5) of I.T.Act allowed by ITAT.
Dec. 10, 2015
Assessee generated power & developed land. It claimed deduct'n u/s 80-IA on power generation receipts. AO disallowed deduct'n as it was claimed on power generation receipts including sales tax benefit receipts. On appeal, CIT(A) allowed deduction. On appeal, ITAT in view of Sangram Patil v. ITO held that assessee is entitled to claim of deduction u/s 80-IA(5) of I.T. Act. Thus, grounds of appeal raised by Revenues were dismissed.
No TDS on foreign commission paid, as no tax liability upon assessee, ITAT.
Dec. 08, 2015
Assessee mfd. engineering items. AO found sum paid by assessee as foreign commission without TDS. AO did not make any disallowance u/s 40(a)(i) being satisfied by assessees explanat'n. However, Commissioner held assessee liable to TDS as per amendment to Sec.194. On appeal ITAT upheld AO's decision holding, If there is no tax liability in respect of payments made to payee, then no Q. of deducting any income-tax at source from such payment.
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.-00…
Loss from speculative transactions not on higher footing than business loss.
Nov. 03, 2015
Assessee derived income from business, house property as also from speculative transactions. It claimed set off of loss suffered on sale & purchase of shares u/s 43(5) against income from property. AO denied it. On appeal Tribunal held, loss from speculative transactions could not stand on higher footing than business loss so as to qualify for set off against other income. On appeal HC held, Tribunal justified in rejecting assessee's claim.-010562
AO had no reason to believe, income escaped assessm't, thus disallowance made,HC
Dec. 09, 2015
Petition challenged notice u/s 148 of I.T. Act, purporting to reopen assessm't & notice u/s 142(1) questioning disallowance to be made u/s 40(a)(ia) of I.T. Act of amt. of Rs. 49.40 cr. for non-deduction of TDS u/s 194H. HC held, as per Jagran Prakashan Ltd. v. Dy. CIT (TDS) [2012] 345 ITR 288, AO had no reason to believe, income escaped assessm't on ground, there is disallowance liable to be made u/s 40(a)(ia) for non-deduct'n of TDS u/s…

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,