Newsletter dated 15th September, 2016

1. www.csrajivbajaj.com
THOUGHT OF THE DAY
THOUGHT OF THE DAY
“As one goes through life one learns that if you don’t paddle
your own canoe, you don’t move.”
Law Updates:
 Exercise for selection of comparable has to be made out for every
year without blindly following precedent: Tribunal Delhi.
 CA held as guilty of professional misconduct as he had disclosed
info gathered during audit.
 Fee paid to US national to develop website is excluded from 'FTS'
definition under India-USA DTAA: Tribunal Ahmedabad.
 Filing of appeal before wrong forum on CA's advice doesn't justify
3 year's delay; condonation plea rejected.
 Threatening letter issued by CA to recover fees from client is an act
of professional misconduct.
 Where competitors of OP in relevant market of provision of
services for development and sale of residential apartments/flats in
Bhiwadi and its nearby areas were developing similar and
comparable projects to that of OP, OP did not enjoy dominant
position in relevant market and, therefore, question of examination
of abuse of dominance did not arise.
PROFESSIONALS INPUTS
 CBDT vide Press Release dated 12th
September 2016 has states that
the figures for direct tax collections up to August, 2016 show that
net revenue collections are at Rs. 1.89 lakh crore which is 15.03%
more than the net collections for the corresponding period last year.
MARKET WATCH:
SENSEX: 28,372.23 18.69 NIFTY: 8,726.60 11.00
SILVER: 45,217.00 252.00 GOLD (MCX): 31,073.00 -129.00
USD/INR: 66.78 -0.32 CRUDE OIL: 3,004.00 -94.00
CS Rajiv Bajaj
9811453353
Bajajr66@gmail.com
youtube.com/csrajivbajaj
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1Bajaj
http://www.csrajivbajaj.com
Date: 15th
September, 2016

2. www.csrajivbajaj.com
Ashok Amritraj
CEO of Hyde Park Entertainment
Ashok Amritraj (born 22 February 1956) is an Indian American film producer,
former tour professional tennis player, chairman and CEO of Hyde Park
Entertainment. He has also taken as the CEO of National Geographic Films.
Career
Professional tennis
Amritraj is also a former tennis player and has represented India on an international level. During his nine-year
career, he competed in doubles at Wimbledon and the US Open, reaching the third round of the latter in 1977.
Amritraj also gained victories over Paul McNamee and his brother Vijay Amritraj in singles. As a junior, he
reached the quarterfinals of the boys' singles at Wimbledon in 1975. Both his brothers, Vijay and Anand
Amritraj, are accomplished tennis players, together reaching the Davis Cupfinal in 1987.
Blackman has a Master's degree in Business Administration and is qualified in health and safety management
by NEBOSH. He lectures part-time for an BA(Hons) Events Management degree course at the Cardiff
Metropolitan University and has previous lectured at Liverpool Institute of Performing Arts on the Theatre and
Performance Technology BA course.
In 2010 Blackman was honoured as an IoD (Institute of Directors) Young Director of the Year at a ceremony at
the Lancaster London hotel.
Film production
Amritraj has produced over 100 films,grossing an excess of 2 billion dollars worldwide, including Hollywood
films such as Antitrust, Walking Tall, and Bringing Down the House, which starred Steve Martin and Queen
Latifah and Tamil film Jeans. Among his upcoming movies are projects based on Lee Falk's comic strip
characters Mandrake the Magician and The Phantom. Amritraj also produced The Other End of the Line in
collaboration with MGM Studios and India's Reliance MediaWorks Ltd in 2008.
He has also produced a talent hunt programme for newcomers in the field of direction by the name of Gateway.
The programme aired on Sony PIX channel.
Amritaj sat on the board of the Motion Picture and Television Fund (MPTF) for seven years. On Sunday, 19
April 2009, he and his wife Chitra were honored at a private ceremony held at MPTF's Wasserman Campus for
their sponsorship of a residence at the Ray and Linda Stark Villa.[2]
He has also taken over as the CEO of
National Geographic Films. In January 2012 year, Hyde Park Entertainment, National Geographic and Image
Nation signed a pact to deliver high-quality entertainment. His Auto-Biography is called as Advantage
Hollywood.
Personal Life
Amritraj lives in Los Angeles with his 2 children, Priya and Milan, along with his wife, Chitra. hok Amritraj
has been awarded an honorary doctorate by the University of East London for promoting talented moviemakers
from across the world, including India.
Armitraj has brought over 100 films to life, creating a remarkable USD 2 billion in worldwide revenues, the
university said in reference to his honorary doctorate of arts awarded here.