tax relief – smeaccountant

A top view of euro banknotes, a miniature architectural model, and a key symbolizing property investment.

Punjab and Haryana High Court Upholds Section 54F Exemption for Jointly Owned Property

Discover how the Punjab and Haryana High Court ruled on Section 54F tax exemptions when capital gains are invested in a jointly owned residential house.

Prasenjit Bhowmik September 5, 2026

Wooden blocks and dice spelling 'Tax Return' on a blurred green background.

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Telangana High Court Rules Section 264 Can Address Double Taxation Without Revised Return

Discover how the Telangana High Court ruled that Section 264 provides a remedy for double taxation of Rs. 6.85 crore even without a revised return.

Prasenjit Bhowmik September 5, 2026

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Pune ITAT Caps Contract Profit Estimation at 8%, Providing Significant Relief to Taxpayers

The Pune bench of the Income Tax Appellate Tribunal (ITAT) delivered a landmark ruling this week, declaring that an 18% net profit estimation on contract receipts is excessive without concrete…

Prasenjit Bhowmik May 31, 2026