Section 11(2) – smeaccountant

Article Highlights Possible Section 54F Computation Issue in AY 2026-27 ITR Utility Under Amended Section 112

Tax professionals and digital forums have recently identified a potential technical discrepancy within the income tax return preparation software for the upcoming assessment cycle. According to reports, the issue specifically…

Prasenjit Bhowmik August 1, 2026

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Telangana High Court Declines GST Writ and Directs Taxpayer to Statutory Appellate Tribunal

The Telangana High Court recently dismissed a writ petition filed by a taxpayer challenging a Goods and Services Tax (GST) assessment, ruling that the petitioner must pursue the alternative remedy…

Prasenjit Bhowmik July 30, 2026

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ITAT Ruling Provides Crucial Relief for Trusts Facing Section 11(2) Exemption Denials

A New Procedural Path for Charitable TrustsThe Income Tax Appellate Tribunal (ITAT) recently issued a landmark ruling providing a procedural lifeline to charitable trusts that have failed to file Form…

Prasenjit Bhowmik May 30, 2026