India Tax – smeaccountant

ITAT Ahmedabad Rules Against NIL Arm’s Length Price in Intra-Group Service Disputes

ITAT Ahmedabad rules against NIL arm's length price for intra-group services, affirming taxpayer evidence over arbitrary benefit tests in transfer pricing...

Prasenjit Bhowmik June 8, 2026

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ITAT Delhi Rules Against Transfer Pricing Adjustments When Income is Already Taxed in India

ITAT Delhi rules against transfer pricing adjustments when foreign LLC income is already taxed in India, preventing double taxation and ensuring fairness.

Prasenjit Bhowmik June 8, 2026

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Bombay High Court Reinforces Precedent on Advance Hotel Receipts in Tax Dispute

Bombay High Court clarifies tax treatment of advance hotel receipts, providing crucial certainty for the hospitality industry.

Prasenjit Bhowmik June 8, 2026

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ITAT Mumbai Rules Against Taxing Genuine ITR Mistakes

ITAT Mumbai's landmark ruling protects taxpayers from penalties for genuine ITR mistakes, offering crucial relief and clarity on tax rectification.

Prasenjit Bhowmik June 7, 2026

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Navigating Compliance: The Critical Reporting Requirements of Form DPT-3

Master Form DPT-3 compliance for Indian companies, understanding critical reporting requirements for deposits and outstanding loans to avoid penalties.

Prasenjit Bhowmik June 6, 2026

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NHAI Faces Legal Scrutiny Over Service Tax Liabilities in Andhra Pradesh

NHAI faces intense legal scrutiny in Andhra Pradesh over complex service tax liabilities, impacting infrastructure development and national tax policy.

Prasenjit Bhowmik June 4, 2026

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ITAT Ruling Reinforces Evidentiary Standards for Penny Stock Tax Exemptions

Discover how a recent ITAT ruling emphasizes the importance of strong documentary evidence for claiming tax exemptions on long-term capital gains from stock...

Prasenjit Bhowmik June 4, 2026

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CESTAT Ruling Clarifies CENVAT Credit Eligibility for Structural Steel Items

In a significant decision for the manufacturing sector, the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) Kolkata bench recently ruled that manufacturers are entitled to claim CENVAT credit on…

Prasenjit Bhowmik June 3, 2026

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ITAT Jaipur Ruling Clarifies Section 54F Capital Gains Deductions for Residential Construction

Setting a New Precedent for Tax DeductionsThe Income Tax Appellate Tribunal (ITAT) in Jaipur has issued a significant ruling clarifying that taxpayers cannot be denied deductions under Section 54F of…

Prasenjit Bhowmik June 3, 2026

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CESTAT Bangalore Rules Excavation and Grading of Iron Ore Constitute Mining Services

CESTAT Bangalore clarifies that iron ore excavation and grading are mining services, impacting service tax classifications and past demands.

Prasenjit Bhowmik June 3, 2026