September 12, 2026 – smeaccountant

A captivating aerial shot of UCLA's famous Rose Bowl stadium in Los Angeles.

Gujarat High Court Rules Section 115JB MAT Inapplicable to National Dairy Development Board

Gujarat High Court dismisses Revenue appeals for AYs 2010-14, ruling that Minimum Alternate Tax under Section 115JB does not apply to the National Dairy Development Board.

Prasenjit Bhowmik September 12, 2026

A top view of euro banknotes, a miniature architectural model, and a key symbolizing property investment.

ITAT Hyderabad Rules Incorporation Date Cannot Be Replaced by Business Commencement for Section 54GB

ITAT Hyderabad denies Section 54GB tax exemption, ruling that a company must be formally incorporated within the statutory period, not just commence business.

Prasenjit Bhowmik September 12, 2026

Focused image of business credit application papers, ideal for finance themes.

CESTAT Delhi Rules Address Change Failure Does Not Warrant Customs Broker Licence Revocation

CESTAT New Delhi ruled that failing to intimate an address change does not justify customs broker licence revocation, adjusting penalties instead.

Prasenjit Bhowmik September 12, 2026

Organized flatlay of notebooks and pen for planning New Year's resolutions.

NCLT Hyderabad Rules Pending Fraud Proceedings Do Not Block Resolution Plan Approval

Discover how NCLT Hyderabad ruled that pending fraud proceedings cannot block the approval of a corporate resolution plan.

Prasenjit Bhowmik September 12, 2026

A top view of euro banknotes, a miniature architectural model, and a key symbolizing property investment.

NCLAT Quashes ED and CBI Notices Over Section 213(b) Non-Compliance

Learn how the NCLAT set aside ED and CBI notices, ruling that Section 213(b) satisfaction and prior hearings are mandatory before investigations.

Prasenjit Bhowmik September 12, 2026