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Month: August 2026

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  • 2026
  • August
  • Page 7
Ahmedabad ITAT Rules Only 8% Profit on Unaccounted Sales is Taxable
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Ahmedabad ITAT Rules Only 8% Profit on Unaccounted Sales is Taxable

In a notable tax jurisprudence development, the Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) has ruled that only the profit element of unaccounted sales is subject to taxation,…
Posted by Prasenjit Bhowmik August 2, 2026
Ahmedabad ITAT Rules on Taxation of Unaccounted Cash Receipts for Builders
Posted inBlog

Ahmedabad ITAT Rules on Taxation of Unaccounted Cash Receipts for Builders

Learn how the Ahmedabad ITAT ruled that only a twenty percent profit element of a builders unaccounted cash receipts is subject to income tax.
Posted by Prasenjit Bhowmik August 2, 2026
ITAT Condones 1,659-Day Delay and Grants Section 10(10B) Exemption for BSNL VRS Compensation
Posted inBlog

ITAT Condones 1,659-Day Delay and Grants Section 10(10B) Exemption for BSNL VRS Compensation

In a notable tax ruling, the Income Tax Appellate Tribunal (ITAT) recently condoned a significant delay of 1,659 days in filing an appeal. The tribunal subsequently ruled that compensation received…
Posted by Prasenjit Bhowmik August 2, 2026
Judicial Review Focuses on Tamil Nadu Solar Power Project Dispute
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Judicial Review Focuses on Tamil Nadu Solar Power Project Dispute

On July 31, 2026, the judicial authorities addressed a significant renewable energy appeal involving Vsr Solar Power Private Limited and the Tamil Nadu Electricity Regulatory Commission. The legal proceedings center…
Posted by Prasenjit Bhowmik August 2, 2026
Legal Appeals Filed in Consumer Dispute Involving Serenity Foundation
Posted inBlog

Legal Appeals Filed in Consumer Dispute Involving Serenity Foundation

Discover how the ongoing legal battle between a consumer and the Serenity Foundation escalates as both parties appeal a ruling on service deficiencies.
Posted by Prasenjit Bhowmik August 2, 2026
Consumer Court Adjudicates Housing Dispute Over Structural Defects in Mumbai
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Consumer Court Adjudicates Housing Dispute Over Structural Defects in Mumbai

A Mumbai consumer court rules on a major housing dispute over severe structural defects, offering key legal insights for aggrieved home buyers.
Posted by Prasenjit Bhowmik August 2, 2026
Union of India Challenges Rolta India Insolvency Resolution Plan in NCLAT
Posted inBlog

Union of India Challenges Rolta India Insolvency Resolution Plan in NCLAT

The Indian government has appealed to the NCLAT challenging the tribunal approved insolvency resolution plan for Rolta India.
Posted by Prasenjit Bhowmik August 2, 2026
Legal Framework Governs Valuation of Imported Goods Under Indian Trade Regulations
Posted inBlog

Legal Framework Governs Valuation of Imported Goods Under Indian Trade Regulations

Understand how India's Legal Metrology Act and customs regulations govern the valuation and retail price labeling of imported commercial goods.
Posted by Prasenjit Bhowmik August 2, 2026
Ahmedabad ITAT Allows ₹602 Crore Pfizer Settlement as Business Expenditure
Posted inBlog

Ahmedabad ITAT Allows ₹602 Crore Pfizer Settlement as Business Expenditure

Discover why the Ahmedabad ITAT allowed Pfizer to claim a 602 crore rupee patent settlement as a tax-deductible business expense.
Posted by Prasenjit Bhowmik August 2, 2026
Legal Dispute Arises Over Solar Project Commercial Operation Date in Tamil Nadu
Posted inBlog

Legal Dispute Arises Over Solar Project Commercial Operation Date in Tamil Nadu

Discover why a Tamil Nadu regulatory body rejected a solar developer's request for a project extension, sparking a major renewable energy legal battle.
Posted by Prasenjit Bhowmik August 2, 2026

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Recent Posts

  • Legal Dispute Arises Over Insurance Claim Repudiation Following Bridge Collapse in Assam
  • Medical Negligence Case Brought Against Hospital Following Surgical Complications
  • Supreme Court Refers Time-Barred Debt Recovery Dispute Under SFC Act to Larger Bench
  • GSTAT Directs Oxford Realty to Refund ₹40.99 Lakh GST ITC Benefit to Godrej Infinity Homebuyers
  • ITAT Mumbai Upholds 0.5% Corporate Guarantee Fee and Permits ESOP Deductions

Recent Comments

  1. Consumer Court Orders Tata Motors to Replace Defective Vehicle and Pay Compensation – smeaccountant on Consumer Protection Ruling: Ralas Motors Case Highlights Accountability in Automotive Repairs
  2. Supreme Court Review Sought in Bajaj Allianz Life Insurance Dispute Over Pre-Existing Illness – smeaccountant on State Consumer Disputes Redressal Commission Reviews Appeal No. 1350 of 2025 in Lucknow
  3. Legal Dispute Arises Over Solar Project Commercial Operation Date in Tamil Nadu – smeaccountant on NCLAT Review Highlights Judicial Discretion on Impleadment in Corporate Disputes
  4. Tata Power Challenges Maharashtra Electricity Regulatory Commission Tariff Order – smeaccountant on NCLAT Hears Appeal Regarding Liquidator Appointment in Punjab National Bank Insolvency Case
  5. Consumer Court Progresses Long-Standing Vehicle Dispute Involving Major Manufacturers – smeaccountant on Mumbai Homebuyers Seek Justice After Decade-Long Delays in Residential Flat Possession

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