Prasenjit Bhowmik, MBA Finance & ICSI Professional, expert in taxation, accounts & stock markets since 2008, leading ventures across finance, tea, pharma, and diverse industries
ITAT Chandigarh decides that excess cash and stock from surveys qualify as business income, blocking retrospective application of the 60% Section 115BBE rate.
Madras High Court declines interference with a 10 percent GST penalty under Section 73 for delayed GSTR-3B filings during the 2020-21 assessment period.
Delhi ITAT rules payment gateway charges are service fees rather than commissions, exempting them from Section 194H TDS without a principal-agent nexus.