Prasenjit Bhowmik

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.

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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.

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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.

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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

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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

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Supreme Court Upholds Section 10B Exemption for New EOU in Landmark Ruling

Learn how the Supreme Court dismissed the Revenue's SLP and upheld the Bombay High Court ruling allowing Section 10B exemption for a new EOU.

Prasenjit Bhowmik September 11, 2026

Close-up of a sticky note on a laptop reminding to pay taxes, emphasizing tax season.

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ITAT Hyderabad Invalidates Section 148 Notice Issued on 1 April 2021

ITAT Hyderabad quashes reassessment for AY 2016-17, ruling that a Section 148 notice issued on 1 April 2021 is invalid under the new tax regime.

Prasenjit Bhowmik September 11, 2026

Studio shot of income tax envelope with red pen for accounting and tax season preparation.

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Telangana High Court Quashes Income Tax Reassessment Notices Issued After March 31 2021

The Telangana High Court has ruled that Section 148 income tax reassessment notices dispatched on or after April 1 2021 are time-barred and invalid.

Prasenjit Bhowmik September 11, 2026

Close-up of hands holding cheques beside a laptop indoors for financial tasks.

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Karnataka High Court Rules Multiple Dishonoured Cheques Can Be Filed in Single Complaint

Learn about the Karnataka High Court ruling stating multiple dishonoured cheques from the same cause of action can be covered in one single legal complaint.

Prasenjit Bhowmik September 11, 2026

Detailed macro view of white puzzle pieces partially covering a Euro banknote.

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Bombay High Court Upholds Section 10B Benefit and Section 14A Relief for EOU

Bombay High Court dismisses Revenue appeals, upholding Section 10B benefits for a 100% EOU and sustaining the deletion of Rule 8D disallowance.

Prasenjit Bhowmik September 11, 2026