tax relief – smeaccountant

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

Blog

ITAT Indore Rules Delayed Form 10E Filing Doesn’t Automatically Bar Section 89 Relief

Discover how ITAT Indore ruled that delayed Form 10E filing doesn't automatically bar Section 89 relief for eligible taxpayers, even with procedural delays.

Prasenjit Bhowmik May 28, 2026

Blog

ITAT Chennai Rules Enhanced Leave Encashment Exemption Applies Retrospectively

ITAT Chennai ruled the Rs. 25 lakh leave encashment exemption applies retrospectively, benefiting non-government employees with past tax claims.

Prasenjit Bhowmik May 28, 2026

Blog

Karnataka High Court Upholds GST Interest Waiver Rights, Cites Directory Nature of Time Limits

Karnataka High Court rules GST interest waiver time limits are directory, not mandatory, empowering taxpayers.

Prasenjit Bhowmik May 26, 2026

Blog

Co-operative Banks Eligible for Section 80P Deduction on Interest Income, Rules ITAT Ahmedabad

ITAT Ahmedabad rules co-operative banks can claim Section 80P deduction on interest from deposits with other co-operative banks, offering significant relief.

Prasenjit Bhowmik May 25, 2026