Here is Portfolio page of Rajeev, with all his work

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.
Income assessed at 5% G.P, reduced to 4% due to non-supply of account books.
Nov. 03, 2015
Assessee, manpower supplier failed to produce books of account during assessment. AO assessed income equal to 5% of gross receipts. CIT held against it. On appeal Tribunal held, mere fact that assessee declared income which was almost equal to income assessed in previous year, could not be conclusive.Tribunal reduced assessed income to 4 per cent of turnover. On appeal HC held, In absence of reasons being perverse, finding of Tribunal was final.-...
Burden to prove concealment/undervaluation of income is on revenue, held HC.
Nov. 03, 2015
Assessees purchased properties. AO made additions on basis of valuation by DVO. On appeal ITAT held, AO could not tax amounts merely based upon DVO's report in absence of any material pointing to under valuation. On appeal HC upheld ITAT decision relying upon CIT v. Bajrang Lal Bansal[2011] 335 ITR 572/200: Only when burden to prove concealment of income is discharged by revenue, it would be permissible to rely upon valuation given by DVO.-000291
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
Dispute regarding account being correctly classified as NPA or not is factual.
Nov. 05, 2015
Bank u/s 13(3A) dismissed representation against notice u/s 13(2). On first appeal HC held, Classification by Bank of loan account as NPA was not faulty. On 2nd appeal HC held, process u/s 13(3A) is not adjudicatory. Question whether borrower has committed any default in repayment & whether account has been correctly classified as NPA or not is factual dispute which even otherwise ordinarily in writ jurisdiction is not to be entertained. Appe...
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....
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.
Assessee must calculate Tax on basis of net profits without deduction of EPT. SC
Nov. 02, 2015
EPTO held, applying rule 12 of 1st Schedule of EPT Act, that not necessary for assessee for purpose of its business to make calculations on basis of net profits without deduction of excess profits tax. On appeal Tribunal & HC upheld it. On appeal SC held, Tribunal in affirming finding had further material to act upon. HC decision was correct. Unnecessary, in view of fact to consider that action of EPTOwas referable to rule under which he acted. ...
Assessee was under bona fide belief of not liable for tax audit, penalty deleted
Jan. 13, 2016
Assessee was Govt. appointed licensed vendor for sale of stamps. AO held, total value of stamps was assessee's turnover & he was liable for audit u/s 44AB. On non-compliance AO levied penalty u/s 271B. On appeal, CIT(A) held AO justified in levying penalty. On appeal ITAT held, Govt. retained over all control over stamps, assessee was under bona fide belief of being not liable for audit of a/c u/s 44AB, thus, penalty imposed u/s 271B was deleted.
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...