Prasenjit Bhowmik

Telangana High Court Rules GST Annuity Disputes Require Factual Scrutiny

Judicial Stance on GST Show Cause NoticesThe Telangana High Court has declined to quash a Goods and Services Tax (GST) show cause notice, determining that the taxability of annuity payments…

Prasenjit Bhowmik June 4, 2026

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Navigating India’s Medical Visa Regulations: A Guide for International Patients

The Evolving Landscape of Medical Tourism in IndiaIndia continues to solidify its position as a global hub for medical tourism, attracting thousands of international patients annually for high-quality, cost-effective healthcare.…

Prasenjit Bhowmik June 4, 2026

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CESTAT Ruling Clarifies Tax Classification for Iron Ore Processing Services

The Customs, Excise and Service Tax Appellate Tribunal (CESTAT) in Bangalore has issued a landmark ruling, setting aside a significant service tax demand levied against an iron ore processor. The…

Prasenjit Bhowmik June 4, 2026

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ITAT Ruling Sets New Precedent for Tax Audits Involving Alleged Bogus Suppliers

Discover how a new ITAT ruling shifts the burden of proof in tax audits, requiring direct evidence beyond mere allegations of bogus suppliers.

Prasenjit Bhowmik June 4, 2026

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Mumbai ITAT Grants ₹96.23 Crore Relief to MSEDCL in Landmark Tax Ruling

Mumbai ITAT's landmark ruling grants MSEDCL ₹96.23 crore tax relief, clarifying prior period expense deductibility for businesses.

Prasenjit Bhowmik June 4, 2026

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Mumbai ITAT Rules Commercial Income on MSRTC Land Classified as Business Revenue

Mumbai ITAT clarifies that commercial income from MSRTC land leases is business revenue, not house property income, impacting tax classification.

Prasenjit Bhowmik June 4, 2026

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Mumbai ITAT Rules Against Blanket Taxation of Sale Consideration in Capital Gains Disputes

Mumbai ITAT clarifies capital gains rules, preventing blanket taxation and upholding taxpayer rights to Fair Market Value for pre-2001 assets.

Prasenjit Bhowmik June 4, 2026

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ITAT Ruling Restricts Tax Additions Based on Unsubstantiated Seized Documents

ITAT rules against tax additions from unsubstantiated seized documents, emphasizing the need for actual income proof over notional calculations.

Prasenjit Bhowmik June 4, 2026

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Pune ITAT Rules Section 43CA Provisions Are Non-Retroactive for Pre-2013 Agreements

Pune ITAT rules Section 43CA is not retroactive, offering crucial clarity for pre-2013 property agreements and taxpayer relief.

Prasenjit Bhowmik June 4, 2026

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Pune ITAT Rules Against Selective Transfer Pricing Adjustments in Landmark Tax Verdict

Pune ITAT's landmark ruling prevents selective transfer pricing adjustments, clarifying that TPOs cannot re-benchmark single transactions after TNMM acceptance.

Prasenjit Bhowmik June 4, 2026