2026 – Page 58 – smeaccountant

Delhi High Court Rules FCCB Redemption Premium Qualifies as Revenue Expenditure

The Delhi High Court recently dismissed a series of appeals filed by the Revenue department, delivering a definitive ruling that Foreign Currency Convertible Bond (FCCB) redemption premiums qualify as revenue…

Prasenjit Bhowmik July 29, 2026

Taxation and Legal Insights

Rajasthan High Court Clarifies Legal Position on Seized Money in Gambling Cases

In a significant ruling that could have far-reaching implications for criminal law, taxation, and property rights, the Rajasthan High Court has held that money seized during a criminal investigation cannot…

Prasenjit Bhowmik July 21, 2026

Taxation and Legal Insights

GSTAT Appeal Filing Deadline Extension Sought Amid Portal Glitches: Taxpayers Fear Loss of Appellate Remedy

India's long-awaited Goods and Services Tax Appellate Tribunal (GSTAT) has finally become operational, offering taxpayers an effective appellate forum under the GST regime. However, even before the system could stabilise,…

Prasenjit Bhowmik July 18, 2026

Taxation and Legal Insights

Haryana Becomes India’s GST Growth Leader: What the Record 32% Revenue Growth Means for the Indian Economy

In a remarkable achievement for India's indirect tax ecosystem, Haryana has emerged as the fastest-growing state in terms of Goods and Services Tax (GST) revenue collection during the first quarter…

Prasenjit Bhowmik July 18, 2026

Taxation and Legal Insights

Nine Years of GST: From ‘One Nation, One Tax’ to GST 2.0 – How India’s Tax Revolution is Reshaping the Economy

On 1 July 2026, India completed nine years of the Goods and Services Tax (GST), marking an important milestone in one of the country's biggest economic reforms since Independence. Introduced…

Prasenjit Bhowmik July 18, 2026

Blog

Consumer Protection Ruling: Ralas Motors Case Highlights Accountability in Automotive Repairs

Legal Precedent in Automotive Consumer DisputesOn June 11, 2026, the National Consumer Disputes Redressal Commission, led by Presiding Member AVM J Rajendra and Member Justice Anoop Kumar Mendiratta, heard a…

Prasenjit Bhowmik June 18, 2026

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Consumer Protection Precedent Set in ICICI Bank vs. Sumeet Kaeley Revision Petition

Legal Precedent in Consumer LitigationOn June 16, 2026, the National Consumer Disputes Redressal Commission, presided over by AVM Jonnalagadda Rajendra, addressed a significant revision petition filed by ICICI Bank Ltd.…

Prasenjit Bhowmik June 18, 2026

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Procedural Consolidation: Tribunal Streamlines Legal Dispute Between Ashok Kumar Jaiswal and SBI

Streamlining Legal ProceedingsOn June 9, 2026, a legal tribunal addressed the procedural overlap between two concurrent filings initiated by Ashok Kumar Jaiswal against the State Bank of India (SBI). The…

Prasenjit Bhowmik June 17, 2026

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Judicial Discretion in Consumer Disputes: High Court Addresses Condonation of Delay and Procedural Lapses

Judicial Discretion in Consumer Disputes: High Court Addresses Condonation of Delay and Procedural LapsesIn a significant procedural development on June 8, 2026, the court addressed a legal challenge brought by…

Prasenjit Bhowmik June 17, 2026

Blog

Procedural Compliance at the Center of Win Win Automobiles Legal Dispute

On June 8, 2026, the legal dispute between Win Win Automobiles and Ranjeet Singh reached a critical juncture as the petitioner filed a Revision Petition (RP) challenging a previous State…

Prasenjit Bhowmik June 16, 2026