Bio-Data of CA Asuthosh P. Nanavaty

CA AP Nanavaty MRN-031137

Firm name: Nanavaty Associates, FRN: 106855W

(1) Asutosh P. Nanavaty attained Bachelor’s Degree in 1974 and completed articleship in 1977 for Chartered-Accountancy. He Qualified as Chartered-Accountant in the year 1978. He joined as employee with M/s. C.C. Chokshi & Co. and worked until 1981. He attained designation of Audit. Manager and was secretary for organizing meeting of Senior Staff member of audit department for development and application of academic knowledge in that firm. He is also qualified in Legal Discipline by attaining degree of L.L.B.

(2) He started independent practice in 1981 and in practice A.P. Nanavaty attended all kinds of assignments i.e. in accounts, audit, taxation, drafting of deeds, agreements, wills etc and also appeared before all authorities like C.I.T.(A), I.T.A.T. etc., certain notable cases decided by I.T.A.T are at Para 7, copy of Annual Certificate of 2019 is enclosed as subsequent Certificates are not sent.

(3) During his career he has authored following articles on various subject published in Journal of Ahmedabad Chartered- Accountant Association and all the first three articles were selected as Best Articles consequentively by independent assessors without disclosing name of author said articles are:

-2003-04
Implications of enforcement of security interest provisions on accounts in Journal of C.A. Association 

-2004-05
Securitisation and reconstruction of financial assets and enforcement of security interest act, 2002 in Journal of C.A. Association

-2005-06 
Form V/s Substance in Journal of C.A. Association

-2006-07
Fundamental Principles of sales tax as applicable to VAT Laws in Journal of C.A. Association

-2011-2012
Landmark judgement on extraterritorial operation Journal of  Corporate professionals Today

-2011-2012
Royalty-Post budget concept decoded Journal of International Taxation

-2014-2015 
Concept of Entrenchment under Companies Act, 2013 Journal of ICAI (Entrenchment implies Rights of Shareholder or Promoter disproportionate to Shareholding)

-2018
Joint Development of Real Estate Concept, Income Tax implications and GST implications- Newsletter of AGFTC

-2019 
Mechanism of Insolvency And Bankruptcy code in NCLT Newsletter of I.T Bar Association Ahmedabad

(4) A.P. Nanavaty has attended many seminars, workshops and symposia and also acted as speaker in many such seminars, workshops and symposia.

(5) A.P. Nanavaty was president Chartered Accountants Association for the year 2009 2010 and President for All Gujarat Federation of Tax Consultant for the year 2018 2019.

(6) Areas of practice include Audit, Taxation, GST, FEMA, International Taxation and International Finance.

(7) ITAT Orders

-Dhananjay Satellite Members Association, Dhananjay Tower, B/H Shyamal Row House-3, Near Jain Derasar, Satellite Ahmedabad-380015  
VS 
The ITO, Ward-3 (3)(9) Ahmedabad, ITAT “SMC”Bench, Ahmedabad 
ITA NOS.12/AHD/2019&1503/AHD/2019
AY 2015-16 to 2016-17

-The Pragati Co-op Bank Ltd, Opp Padshahs Pole, Relief Road, Ahmedabad-380001 
VS 
Pr.C.I.T-5, Ahmedabad ITAT “B”Bench, Ahmedabad
ITANO.596/AHD/2019
AY 2014-15

-Shree Laxmi Co-op Bank Ltd, Sankrut Building, Old High Court, Navrangpura, Ahmedabad 
VS 
Pr.C.I.T-5, Ahmedabad ITAT “B”Bench, Ahmedabad
ITANO.597/AHD/2019
AY 2014-15

-The Visnagar Nagrik Shakari Bank Ltd, Market Yard, Visnagar-384215 Distt Mehasana 
VS 
The D.C.I.T., Patan Circle, Patan. ITAT Ahmedabad “C”Bench
ITANO.2251/AHD/2015
AY 2011-12

-M/s Softtrack Venture Investment Ltd. A’bad 
VS 
I.T.O, Ward No 8(2), Abad
ITANO.2154/A/16 Penalty of Rs 1,42,23,543/- is cancelled
AY 2011-12

(8) Attended GST registration, Filing of TRAN-1, Filing of Monthly and Quarterly returns and Audit as well as Annual return by Cross matching with Balance Sheet and Profit and Loss Account, also attended investigations and various summonses.

(9) Attended Assignment of Amalgamation of Kunal Organics with six other Companies and complete drafting of scheme of Amalgamation and Valuation report of all Companies; attended several Assignment of sub-session of Public limited firm to Private limited and successfully claiming excess of Market Value over Book Value of assets as Goodwill in Appellate proceeding upto High Court,; attended several reassessment proceedings in Income Tax; attended several Service Tax Audit by Excise Department, and also attended few of drafting and execution of Agreement of Gold Transportation and Storage, promoters Agreements and Share purchase and Share Subscription Agreements.

(10) Certificates of Relearning in respect of Subjects relevant to Practice.

(i)  Firm Certificate by ICAI 
(ii) Certificate of Skilling in Money Laundering Laws 
(iii) Certificate of Skilling in IFRS and IND-AS Accounting Standards for Financial Reporting as applicable to India. 
(iv) Certificate of Skilling in GST  
(v) Certificate of Skilling in International Taxation 
(vi) Certificate of Skilling in Valuation