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Posts by Prasenjit Bhowmik

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About Prasenjit Bhowmik
NCLAT Reviews Landmark Challenge to Vrundavan Liquidation and Judicial Censure of Resolution Professional
Posted inBlog

NCLAT Reviews Landmark Challenge to Vrundavan Liquidation and Judicial Censure of Resolution Professional

NCLAT reviews a landmark challenge to Vrundavan liquidation and professional censure, poised to redefine India's insolvency framework.
Posted by Prasenjit Bhowmik May 21, 2026
SEBI Proposes Easing Third-Party Mutual Fund Payment Rules to Boost Operational Flexibility
Posted inTaxation and Legal Insights

SEBI Proposes Easing Third-Party Mutual Fund Payment Rules to Boost Operational Flexibility

The Securities and Exchange Board of India (SEBI) has proposed a limited relaxation of third-party payment restrictions for mutual fund transactions, aiming to resolve persistent operational hurdles for investors and…
Posted by Prasenjit Bhowmik May 21, 2026
IFSCA Unveils Ship Leasing Framework to Propel India's Maritime Finance Hub
Posted inTaxation and Legal Insights

IFSCA Unveils Ship Leasing Framework to Propel India’s Maritime Finance Hub

Discover how IFSCA's new ship leasing framework in IFSCs like GIFT City is set to transform India into a global maritime finance hub.
Posted by Prasenjit Bhowmik May 20, 2026
Andhra Pradesh High Court Rejects Challenge to Income Tax Summons Amidst Allegations of Mala Fide Action
Posted inTaxation and Legal Insights

Andhra Pradesh High Court Rejects Challenge to Income Tax Summons Amidst Allegations of Mala Fide Action

The Andhra Pradesh High Court recently upheld the validity of summons issued under Section 131(1A) of the Income Tax Act, dismissing claims that the summons were issued with mala fide…
Posted by Prasenjit Bhowmik May 20, 2026
Tax Tribunal Overturns Reassessment Due to Time-Barred Notice
Posted inTaxation and Legal Insights

Tax Tribunal Overturns Reassessment Due to Time-Barred Notice

The Income Tax Appellate Tribunal (ITAT) Mumbai bench has quashed a reassessment proceeding, ruling that the notice under Section 148 of the Income Tax Act, 1961, was issued beyond the…
Posted by Prasenjit Bhowmik May 20, 2026
Consumer Court Directs Developers to Hand Over Possession Amidst Project Delays
Posted inBlog

Consumer Court Directs Developers to Hand Over Possession Amidst Project Delays

In a significant ruling on May 14, 2026, the National Consumer Disputes Redressal Commission (NCDRC), presided over by Justice A.P. Sahi, ordered real estate developer M/S. Advance India Projects Ltd.…
Posted by Prasenjit Bhowmik May 20, 2026
Gauhati HC Rules Bank Guarantee for GST Relief Must Cover Tax Dues Only
Posted inTaxation and Legal Insights

Gauhati HC Rules Bank Guarantee for GST Relief Must Cover Tax Dues Only

The Gauhati High Court recently ruled that a bank guarantee furnished for the interim release of Goods and Services Tax (GST)-related consignments should only cover the alleged short-paid tax amount,…
Posted by Prasenjit Bhowmik May 20, 2026
Real Estate Developers Ordered to Deliver Possession Amidst Project Delays
Posted inBlog

Real Estate Developers Ordered to Deliver Possession Amidst Project Delays

In a significant ruling on May 14, 2026, the National Consumer Disputes Redressal Commission (NCDRC), presided over by Justice A.P. Sahi, addressed two appeals stemming from separate consumer complaints filed…
Posted by Prasenjit Bhowmik May 20, 2026
Karnataka High Court Rules in Favor of Taxpayers on ITC Rejection, Citing Retrospective Law Application
Posted inTaxation and Legal Insights

Karnataka High Court Rules in Favor of Taxpayers on ITC Rejection, Citing Retrospective Law Application

The Karnataka High Court has set aside the rejection of Input Tax Credit (ITC) claims for businesses that filed their Goods and Services Tax (GST) returns before November 30, 2021.…
Posted by Prasenjit Bhowmik May 20, 2026
Banks' Liability for Third-Party Fraud Under Scrutiny in Landmark Consumer Protection Case
Posted inBlog

Banks’ Liability for Third-Party Fraud Under Scrutiny in Landmark Consumer Protection Case

A significant legal battle is unfolding, centering on whether banks can be held liable for fraudulent activities orchestrated by third parties, a case that reached the National Consumer Disputes Redressal…
Posted by Prasenjit Bhowmik May 20, 2026

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Recent Posts

  • ITAT Limits Tax Authority Powers: Reassessments Require Independent Verification
  • ITAT Remands Section 270A Penalty Case if Quantum Appeal Was Still Pending
  • Calcutta High Court Ruling Establishes TDS Records as Legal Proof of Financial Relationships
  • CESTAT Ruling Strengthens CENVAT Credit Eligibility Based on Service Nexus
  • NCLAT Finalizes Resolution Plan Stance, Dismissing GNIDA Appeal

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