tax law – smeaccountant

CESTAT Ruling Clarifies Scope of Cenvat Credit for Manufacturing Input Services

CESTAT's landmark ruling clarifies Cenvat credit eligibility for manufacturing input services, broadening scope and resolving long-standing disputes.

Prasenjit Bhowmik June 1, 2026

Blog

ITAT Limits Tax Authority Power to Reject Purchases Without Substantiated Evidence

ITAT limits tax authority power to reject purchases without evidence, protecting businesses from arbitrary disallowances based on sales and stock records.

Prasenjit Bhowmik June 1, 2026

Blog

Madras High Court Limits GST Registration Suspension Powers

Madras High Court limits GST registration suspension, ruling authorities need specific grounds, not blanket action, during cancellation proceedings.

Prasenjit Bhowmik June 1, 2026

Blog

ITAT Ruling Clarifies Tax Audit Errors Do Not Justify Automatic Disallowances

The Income Tax Appellate Tribunal (ITAT) recently issued a landmark ruling, determining that a tax audit report containing erroneous figures cannot serve as the sole legal basis for invoking disallowances…

Prasenjit Bhowmik May 31, 2026

Blog

ITAT Condonation Ruling: Prioritizing Substantial Justice Over Procedural Delays

The Income Tax Appellate Tribunal (ITAT) recently issued a landmark ruling, condoning a nearly three-year delay in filing an appeal after the taxpayer cited erroneous professional advice as the primary…

Prasenjit Bhowmik May 31, 2026

Blog

CIT(E) Cannot Act Merely on AO’s Recommendation – Independent Satisfaction Mandatory for Grant or Rejection of U/s 12AB Registration

In a significant ruling, the Income Tax Appellate Tribunal (ITAT) has clarified that the Commissioner of Income Tax (Exemption) [CIT(E)] cannot reject applications for registration under Section 12AB of the…

Prasenjit Bhowmik May 30, 2026