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Posts by Prasenjit Bhowmik

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About Prasenjit Bhowmik
Prasenjit Bhowmik, MBA Finance & ICSI Professional, expert in taxation, accounts & stock markets since 2008, leading ventures across finance, tea, pharma, and diverse industries
Legal Proceedings Unfold Following Fatal LPG Cylinder Explosion
Posted inBlog

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
Posted inBlog

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
Posted inBlog

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
Tax Tribunal Sets Aside Multi-Million Rupee Service Tax Demand Against Shalimar Corp
Posted inBlog

Tax Tribunal Sets Aside Multi-Million Rupee Service Tax Demand Against Shalimar Corp

On August 13, 2026, the judicial authorities delivered a significant verdict in a high-profile fiscal dispute involving corporate taxpayer Shalimar Corp Ltd and the Central Goods and Services Tax (CGST)…
Posted by Prasenjit Bhowmik August 15, 2026
Homebuyers File Consumer Complaint Against Real Estate Developer Over Delayed Possession
Posted inBlog

Homebuyers File Consumer Complaint Against Real Estate Developer Over Delayed Possession

On August 10, 2026, a consumer complaint was formally lodged by homebuyers Nikhil Mehta and Mahaveer Kumar Mehta against Gardenview Abode Private Limited, formerly known as Mantri Developers Pvt. Ltd.,…
Posted by Prasenjit Bhowmik August 14, 2026
Legal Dispute Arises Over Insurance Claim Disallowance Following 2017 Industrial Fire
Posted inBlog

Legal Dispute Arises Over Insurance Claim Disallowance Following 2017 Industrial Fire

A formal legal complaint has been filed by M/S Teekay Marines Pvt. Ltd. against M/S SBI General Insurance Company Ltd. regarding the disputed assessment of an insurance payout following a…
Posted by Prasenjit Bhowmik August 14, 2026
CBDT Introduces Form 49 for Simplified Electronic Safe Harbour Applications Starting April 2026
Posted inBlog

CBDT Introduces Form 49 for Simplified Electronic Safe Harbour Applications Starting April 2026

The Central Board of Direct Taxes (CBDT) has announced the upcoming introduction of a unified tax document designated as Form 49, effective April 1, 2026. This new administrative instrument replaces…
Posted by Prasenjit Bhowmik August 14, 2026
Master File & Country-by-Country Report (CbCR): Forms 56, 57, 58, 59 & 60
Posted inBlog

Master File & Country-by-Country Report (CbCR): Forms 56, 57, 58, 59 & 60

The Income Tax Department has officially introduced Forms 56, 57, 58, 59, and 60 to streamline the submission process for the Master File and Country-by-Country Report (CbCR). This regulatory update…
Posted by Prasenjit Bhowmik August 14, 2026
Jodhpur ITAT Rules Penny Stock LTCG Cannot Be Invalidated Without Direct Evidence
Posted inBlog

Jodhpur ITAT Rules Penny Stock LTCG Cannot Be Invalidated Without Direct Evidence

In a notable legal development, the Jodhpur bench of the Income Tax Appellate Tribunal (ITAT) has ruled that long-term capital gains (LTCG) from penny stocks cannot be dismissed as bogus…
Posted by Prasenjit Bhowmik August 14, 2026
Hyderabad ITAT Rules in Favor of Section 80P Deduction Following Condonation of Delay
Posted inBlog

Hyderabad ITAT Rules in Favor of Section 80P Deduction Following Condonation of Delay

In a recent ruling that brings relief to taxpayers, the Hyderabad bench of the Income Tax Appellate Tribunal (ITAT) has directed the Assessing Officer (AO) to reconsider a tax deduction…
Posted by Prasenjit Bhowmik August 14, 2026

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Recent Posts

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  • RBI Proposes Standard Operating Procedure for Suspected Money Mule Accounts
  • Understanding the Consumer Protection E-Commerce Amendment Rules 2026
  • ICSI Proposes Legal Status for Deemed Government Companies under Companies Act

Recent Comments

  1. Misuse of SARFAESI Act: Borrower Concerns and Banking Practices – smeaccountant on Misuse of SARFAESI Act: Borrower Concerns and Banking Practices
  2. Legal Proceedings Advance in Mehul Narayan Thakkar vs Rukshmani Syntex Private Limited – smeaccountant on Legal Proceedings Advance in Mehul Narayan Thakkar vs Rukshmani Syntex Private Limited
  3. Understanding the Order to Cash (O2C) Cycle: Process, Controls, and Metrics – smeaccountant on Financial Institution Appeals District Consumer Commission Order in Gurdaspur
  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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