Here is Portfolio page of Rajeev, with all his work

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…
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…
AO held unjustified in refusing to renew registration without hearing assessee.
Nov. 03, 2015
Assessee was partnership firm. Assessee filed income in delayed time due to which notice u/s 142(1) & Sec.148 were issued. AO refused continuation of registration u/s 144 & 139. CIT & Tribunal upheld it. On appeal HC held, AO not right in refusing to renew registration without issuing show-cause notice & without affording any opportunity of hearing to assessee for explaining delay in furnishing declaration within specified time u/s 184(7).-010561
Gains made on sale of investments by a share trader are capital gains and shoul…
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.
Loan to AE abroad, int. rate applicable is rate in country where loan consumed.
Dec. 08, 2015
Assessee mfd. plastic parts & rendered engineering services. It advanced certain amt. as loan to its subsidiary in Germany & charged no interest on it. TPO determined ALP on interest on loan advanced at 10.25%. AO passed assessm't order on it. AO challenged it before DRP. On apppeal ITAT held, loan advanced to AE situated abroad, interest rate to be applied is rate prevailing in country where loan has been consumed. HC upheld it on appeal.-000323
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. Appeal…
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.-01…
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…
Applicant held not liable to tax in India in view of DTAA between India & USA.
Nov. 02, 2015
Discounted margin described as income by way of interest within meaning of Sec. 2(28A) & Sec. 9(1)(v) by AO. On appeal AAR held, discounting of bill of exchange or promissory note being a purchase of instrument as it were & especially when it is discounted without recourse, it has to be held that applicant is not liable to tax in India in view of DTAA between India & USA. Applicant will not be subject to withholding of tax u/s 195 of I.T.Act.-010557
Notice of AO treating assessee in default quashed by HC in writ.
Dec. 11, 2015
Petitioner is public Ltd. Co.ran business of financial services. TRO issued notice to petitioner indicating that certain amt. was due from petitioner to assessee. petitioner filed writ for quashing of notice, whereby TRO treated petitioner as assessee in default & for quashing proceedings u/s 226(3) of Income Tax Act. HC held, order of TRO, treating petitioner as assessee in default can't be sustained & is quashed & attachment order too.