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Year: 2026

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  • 2026
  • Page 112
Hyderabad ITAT Rules Only 16% of ₹40.93 Crore On-Money Receipts Are Taxable
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Hyderabad ITAT Rules Only 16% of ₹40.93 Crore On-Money Receipts Are Taxable

In a notable tax jurisprudence development, the Hyderabad bench of the Income Tax Appellate Tribunal (ITAT) has ruled that only 16 percent of a disputed ₹40.93 crore in on-money receipts…
Posted by Prasenjit Bhowmik August 15, 2026
ITAT Delhi Rules Foreign Life Policy Is Not Undisclosed Asset and Maturity Proceeds Are Exempt
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ITAT Delhi Rules Foreign Life Policy Is Not Undisclosed Asset and Maturity Proceeds Are Exempt

The Income Tax Appellate Tribunal (ITAT) in Delhi has ruled that a foreign life insurance policy acquired while an individual was a non-resident Indian (NRI) does not constitute an undisclosed…
Posted by Prasenjit Bhowmik August 15, 2026
ICICI Lombard Revision Petition Challenges State Commission Orders in Legal Dispute
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ICICI Lombard Revision Petition Challenges State Commission Orders in Legal Dispute

On August 7, 2026, legal proceedings unfolded in a high-profile revision petition involving ICICI Lombard General Insurance and respondent Basant Nain, son of Jagbhushan Nain. The court session brought legal…
Posted by Prasenjit Bhowmik August 15, 2026
Legal Dispute Filed Against Real Estate Developer Over Alleged Service Deficiencies
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Legal Dispute Filed Against Real Estate Developer Over Alleged Service Deficiencies

On August 10, 2026, a formal legal complaint was lodged by Smt. Sushila Bansal against prominent real estate developer M/s BPTP Ltd., citing severe deficiencies in service and engagement in…
Posted by Prasenjit Bhowmik August 15, 2026
Legal Proceedings Unfold in Suhail Salim Sumar vs Drip Capital Inc Case
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Legal Proceedings Unfold in Suhail Salim Sumar vs Drip Capital Inc Case

On August 13, 2026, the appellate tribunal convened in a hybrid mode to address a significant procedural filing in the legal dispute involving Suhail Salim Sumar and Drip Capital Inc…
Posted by Prasenjit Bhowmik August 15, 2026
Chennai Tribunal Rules on Beverage Firm Service Tax Dispute
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Chennai Tribunal Rules on Beverage Firm Service Tax Dispute

On August 12, 2026, the Chennai Outer Commissionerate issued a significant ruling in a long-standing indirect tax dispute involving a beverage manufacturer and tax authorities. The legal proceedings took place…
Posted by Prasenjit Bhowmik August 15, 2026
Bombay High Court Rules Bogus Purchases Insufficient for Section 69C Additions
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Bombay High Court Rules Bogus Purchases Insufficient for Section 69C Additions

The Bombay High Court has delivered a significant ruling concerning Indian tax law, holding that the mere identification of bogus purchases does not automatically justify additions under Section 69C of…
Posted by Prasenjit Bhowmik August 15, 2026
Legal Proceedings Unfold Following Fatal LPG Cylinder Explosion
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Legal Proceedings Unfold Following Fatal LPG Cylinder Explosion

On August 11, 2026, legal and consumer protection discussions resurfaced surrounding a tragic liquefied petroleum gas incident involving M/S. Qutab Gas Service and respondent Bacchi Devi Sunita. The case stems…
Posted by Prasenjit Bhowmik August 15, 2026
Consumer Court Adjudicates Long-Pending Property Dispute Involving Developer and Homebuyer
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Consumer Court Adjudicates Long-Pending Property Dispute Involving Developer and Homebuyer

A consumer court has resolved a long-standing property dispute over a residential flat, ordering title registration and addressing compensation claims.
Posted by Prasenjit Bhowmik August 15, 2026
Legal Proceedings Advance in Sumit Sunil Chakraborty Versus Arun Kapoor Case
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Legal Proceedings Advance in Sumit Sunil Chakraborty Versus Arun Kapoor Case

On August 13, 2026, the judicial proceedings for the case involving Sumit Sunil Chakraborty and Arun Kapoor along with other respondents progressed through a hybrid hearing mode. Justice Mohd. Faiz…
Posted by Prasenjit Bhowmik August 15, 2026

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Recent Comments

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  4. Revision Petition Dismissed Over Unexplained 1,142-Day Delay in Legal Proceedings – smeaccountant on Omaxe New Chandigarh Developers Challenges District Commission Orders in Revision Petition
  5. Adani Power Challenges Maharashtra Regulatory Commission Order in Landmark Appeal – smeaccountant on MSEDCL Seeks Withdrawal of Appeal in Regulatory Dispute with JSW Energy

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