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Posts by Prasenjit Bhowmik

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  • 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
L&T Finance Files Appeal Against Karimnagar Consumer Commission Order
Posted inBlog

L&T Finance Files Appeal Against Karimnagar Consumer Commission Order

On July 29, 2026, L&T Finance Ltd. formally filed an appeal under Section 41 of the Consumer Protection Act, 2019, challenging a prior District Consumer Disputes Redressal Commission directive. The…
Posted by Prasenjit Bhowmik August 4, 2026
Legal Challenges Unfold in Corporate Insolvency Resolution Process Involving Axis Bank and Ssarvi Resolution Services
Posted inBlog

Legal Challenges Unfold in Corporate Insolvency Resolution Process Involving Axis Bank and Ssarvi Resolution Services

On August 3, 2026, legal proceedings regarding the corporate insolvency resolution process of Ssarvi Resolution Services LLP continued to draw attention within the financial sector. The case centers on financial…
Posted by Prasenjit Bhowmik August 4, 2026
Customs Tribunal Issues Final Ruling on Import Appeal Involving Nhava Sheva Authority and Sun Tex
Posted inBlog

Customs Tribunal Issues Final Ruling on Import Appeal Involving Nhava Sheva Authority and Sun Tex

On July 31, 2026, the customs appellate tribunal delivered a definitive ruling regarding a long-standing import dispute between the Commissioner of Customs at Nhava Sheva and respondent firm Sun Tex.…
Posted by Prasenjit Bhowmik August 4, 2026
ITAT Pune Sets Aside Denial of Section 80P(2)(d) Deduction on Interest Income
Posted inBlog

ITAT Pune Sets Aside Denial of Section 80P(2)(d) Deduction on Interest Income

In a recent ruling, the Pune bench of the Income Tax Appellate Tribunal (ITAT) addressed a significant tax dispute involving a housing co-operative society. The judicial body ruled in favor…
Posted by Prasenjit Bhowmik August 4, 2026
ITAT Delhi Quashes Reassessment Due to Jurisdictional Lapses by Income Tax Officer
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ITAT Delhi Quashes Reassessment Due to Jurisdictional Lapses by Income Tax Officer

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has formally quashed a tax reassessment proceeding in a recent ruling. According to reports, the tribunal determined that the assessing…
Posted by Prasenjit Bhowmik August 4, 2026
Telangana High Court Upholds Audio Cassettes Sales Tax Benefit
Posted inBlog

Telangana High Court Upholds Audio Cassettes Sales Tax Benefit

The Telangana High Court ruled that audio cassettes keep their concessional sales tax benefits, rejecting a Revenue department appeal to end the exemption.
Posted by Prasenjit Bhowmik August 4, 2026
ITAT Pune Sets Aside CIT(A) Order for Denial of Video Conferencing Hearing
Posted inBlog

ITAT Pune Sets Aside CIT(A) Order for Denial of Video Conferencing Hearing

Discover how a landmark ITAT Pune ruling reinforces taxpayer rights by overturning a tax order due to the denial of a virtual hearing.
Posted by Prasenjit Bhowmik August 4, 2026
Andhra Pradesh High Court Upholds ITAT Decision on 166-Day Delay
Posted inBlog

Andhra Pradesh High Court Upholds ITAT Decision on 166-Day Delay

The Andhra Pradesh High Court upheld the ITAT decision to reject a 166-day filing delay, citing the taxpayer's history of ignoring official notices.
Posted by Prasenjit Bhowmik August 4, 2026
ITAT Quashes Reassessment Under Section 147 for Change of Opinion on Share Premium
Posted inBlog

ITAT Quashes Reassessment Under Section 147 for Change of Opinion on Share Premium

Discover how the ITAT quashed a Section 147 reassessment over share premium, reinforcing vital taxpayer protections against arbitrary tax audits.
Posted by Prasenjit Bhowmik August 3, 2026
Bridging the Gap: Why Tax Authorities Still Demand Paper Despite Digital GST Portals
Posted inBlog

Bridging the Gap: Why Tax Authorities Still Demand Paper Despite Digital GST Portals

Discover why Indian tax authorities still demand physical paperwork despite the digital GST portal and how businesses can navigate this compliance gap.
Posted by Prasenjit Bhowmik August 3, 2026

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Recent Posts

  • Understanding Consumer Rights in Insurance Mis-Selling Disputes
  • ITAT Mumbai Rules on Section 154 Rectification for Partner Remuneration
  • ITAT Mumbai Rules IBC Resolution Plan Extinguishes Unclaimed Tax Reassessment
  • ITAT Mumbai Rules on Section 12AB Renewal and Trust Irrevocability Clauses
  • SBI Secures Major Victory at Mumbai ITAT on Pension Liability and NPA Real Income

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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