Mumbai ITAT – smeaccountant

Mumbai ITAT Rules Against Blanket Taxation of Sale Consideration in Capital Gains Disputes

Mumbai ITAT clarifies capital gains rules, preventing blanket taxation and upholding taxpayer rights to Fair Market Value for pre-2001 assets.

Prasenjit Bhowmik June 4, 2026

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Mumbai ITAT Sets Precedent: Vague Penalty Notices Under Section 270A Deemed Unenforceable

Mumbai ITAT rules vague penalty notices under Section 270A unenforceable, ensuring clarity and fairness for taxpayers in income tax proceedings.

Prasenjit Bhowmik June 3, 2026

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ITAT Condoned 524-Day Delay as Assessee Was Unaware of Assessment Order

The Income Tax Appellate Tribunal (ITAT) Mumbai has officially condoned a 524-day delay in the filing of an appeal by a taxpayer who claimed total ignorance of their assessment order.…

Prasenjit Bhowmik June 1, 2026