tax law – smeaccountant

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CESTAT Delhi Rules Address Change Failure Does Not Warrant Customs Broker Licence Revocation

CESTAT New Delhi ruled that failing to intimate an address change does not justify customs broker licence revocation, adjusting penalties instead.

Prasenjit Bhowmik September 12, 2026

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Supreme Court Upholds Section 10B Exemption for New EOU in Landmark Ruling

Learn how the Supreme Court dismissed the Revenue's SLP and upheld the Bombay High Court ruling allowing Section 10B exemption for a new EOU.

Prasenjit Bhowmik September 11, 2026

Close-up of a sticky note on a laptop reminding to pay taxes, emphasizing tax season.

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ITAT Hyderabad Invalidates Section 148 Notice Issued on 1 April 2021

ITAT Hyderabad quashes reassessment for AY 2016-17, ruling that a Section 148 notice issued on 1 April 2021 is invalid under the new tax regime.

Prasenjit Bhowmik September 11, 2026

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CAAR Delhi Declines Advance Ruling on Roasted Areca Nuts Classification

CAAR Delhi rejects Golden Enterprises' advance ruling application regarding roasted areca nuts, citing prior Madras High Court rulings.

Prasenjit Bhowmik September 11, 2026

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Wife’s Jewellery Found at Residence Cannot Be Added to Husband Income: Nagpur ITAT

Nagpur ITAT rules that wife's jewellery found at a common residence cannot be treated as the husband's unexplained asset under Section 69A.

Prasenjit Bhowmik September 10, 2026

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Section 122(1A) CGST Act: Understanding Prospective and Retrospective Penalties

Explore the ongoing judicial debate across Bombay, Delhi, and Gauhati High Courts regarding Section 122(1A) of the CGST Act and its applicability.

Prasenjit Bhowmik September 10, 2026

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ITAT Pune Condones Filing Delay and Directs Fresh Adjudication for Tax Appeal

Discover how ITAT Pune condoned a filing delay, set aside a previous CIT(A) order, and remanded the tax appeal for a brand new review and hearing.

Prasenjit Bhowmik September 10, 2026

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ITAT Mumbai Quashes Income Tax Reassessment Over Borrowed Satisfaction

Learn how ITAT Mumbai set aside a tax reassessment because the assessing officer relied on investigation wing data without independent verification.

Prasenjit Bhowmik September 9, 2026

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ITAT Mumbai Rules in Favor of Taxpayer in Loan Addition Dispute

Discover how ITAT Mumbai successfully allowed a taxpayer appeal in a loan addition case by following the established Bhavana Suresh Chauhan precedent.

Prasenjit Bhowmik September 9, 2026

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ITAT Rules in Favor of Full Section 57 Interest Deduction Beyond Interest Income

Discover the recent ITAT ruling allowing full Section 57 interest deduction without income limits, provided a clear nexus with other-source income exists.

Prasenjit Bhowmik September 9, 2026