www.csrajivbajaj.com

THOUGHT OF THE DAY

THOUGHT OF THE DAY

“Don't judge each day by the harvest you reap but by the seeds

that you plant.”

Law Updates:

Tribunal must record a specific finding on alleged violation of

principle of natural justice: Madras High Court.

Department restrained from taking recourse to Rule 5A for

accessing registered premises under Service Tax Rules.

Where no expenditure had been incurred by assessee for purpose of

earning dividend income from mutual funds, question of

disallowance under section 14A did not arise: Tribunal Bangalore.

Leasehold rights on land do not fall in category of intangible asset

as defined under section 32(1)(ii), hence do not qualify for

allowance of depreciation: Tribunal Bangalore.

In view of specific language of section 43B, amount of customs and

excise duty on value of closing stock should be allowed as

deduction in assessment year relating to previous year in which it

was actually paid even though assessment of closing stock of that

year would be in subsequent assessment year.

PROFESSIONALS INPUTS:

MCA vide Notification dated 21st July, 2016 has notified the

National Company Law Tribunal Rules, 2016.

MCA vide Notification dated 21st July, 2016 has notified the

National Company Law Appellate Tribunal Rules, 2016.

SEBI vide Circular No. CIR/MIRSD/ 66 /2016 issues norms for

Operationalization of Central KYC Records Registry.

MARKET WATCH:

SENSEX: 27,.803 92.72 NIFTY: 8,541.20 31.10

SILVER: 46,027. 00 681.00 GOLD (MCX): 30,754.00 55.00

USD/INR: 67.19 0.02 CRUDE OIL: 3,007.00 66.00

CS Rajiv Bajaj

9811453353

Bajajr66@gmail.com

youtube.com/csrajivbajaj

https://www.facebook.com/Rajiv1Bajaj

http://www.csrajivbajaj.com

Date: 23rd July, 2016

www.csrajivbajaj.com

Joe Blackman CEO of Collection 26 “We spend a lot of time thinking about the journey for guests. The best parties are ones where you have a really coherent theme. We’re looking at what they do, what they hear, what they smell, what they feel and think, minute by minute.” Joe Blackman is a serial entrepreneur and CEO of Collection 26, a celebrity event planning and Design Company. He sits as a Magistrate in Westminster Magistrates Court. Blackman previously sat in Cardiff Magistrates Court. He organises events for high-profile clients such as the Abu Dhabi royal family, 50 Cent and The Killers. Blackman is loath to spend money where it could be saved. That’s probably because he comes from a background without a lot of money and he doesn’t like to see it go out the door. Compared to a lot of businesses, he is very tight with his finances and thinks that’s why he is successful.

Education and recognition

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.

Magistrate Service

Blackman became a magistrate, or Justice of the Peace, in Cardiff, Wales in 2008. At the age of 23, he was the

youngest magistrate on the Cardiff bench, and one of the youngest in the UK.

As of 2009 Blackman sits as a justice in Westminster Magistrates Court in Central London. Blackman applied

to be a magistrate after talking to a friend who already served on the bench.

Event Planning

Blackman began planning events when he was 13 years old, helping out on events at a local community centre

before starting his first business while in university studying a BA degree in Stage Management at the Royal

Welsh College of Music and Drama in 2003 and 2004. He began planning events on a freelance basis during

this time. At the age of 20, he travelled to Qatar to help organise the 15th Asian Games for the International

Olympics Committee.

In 2005, Blackman founded Collection 26, an event-planning company. He was 20 years old. Venture Wales, a

business-support project of the Welsh government, supported Blackman's efforts with business advice.

Blackman's plans parties and weddings for royalty, celebrities, and corporate customers. Following successful

events in Abu Dhabi, he expanded Collection 26 to service customers in the Middle East in 2010. Blackman has

carved out a lucrative niche catering for the social lives of high net worth individuals. Past projects include

footballer Theo Walcott’s wedding, singer Alexandra Burke’s birthday party and one for a member of the Abu

Dhabi royal family

Collection 26 has organised Africa Oye, the UK's largest African festival, every year since 2006. Collection 26

has offices in Cardiff and London.