Tax Compliance – Page 4

Telangana High Court Directs Manual Revocation of Cancelled GST Registration

In a significant legal development for taxpayers, the Telangana High Court recently granted permission for the manual filing of a Goods and Services Tax (GST) registration revocation application. The ruling…

Prasenjit Bhowmik July 30, 2026

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High Court Overturns GST Demand Order Over Procedural Failures

High Court overturns a GST demand order, emphasizing the need for tax authorities to reconcile transitional credit claims with GSTR-2A data.

Prasenjit Bhowmik June 1, 2026

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ITAT Ruling Clarifies Bona Fide Intent in Black Money Act Compliance

Discover how an ITAT ruling clarified bona fide intent, deleting a Black Money Act penalty for an omission to report foreign investments.

Prasenjit Bhowmik June 1, 2026

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ITAT Quashes Section 153A Assessment as AY 2010-11 Fell Outside Ten-Year Block Period

Discover why the ITAT quashed a Section 153A assessment for AY 2010-11, ruling it fell outside the ten-year block period.

Prasenjit Bhowmik June 1, 2026

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Tax Audit Changes: Clause 47 Targets Unquoted Share Transactions

In a significant shift for corporate tax compliance, tax auditors are now required to report all purchases and sales of unquoted shares under Clause 47 of Form 3CD. This regulatory…

Prasenjit Bhowmik May 31, 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

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ITAT Pune Quashes Reassessment Order Over Cooling-Off Period Violation

ITAT Pune invalidates a reassessment order, reinforcing taxpayer rights and strict procedural compliance regarding the cooling-off period.

Prasenjit Bhowmik May 30, 2026