Tax Ruling – Page 3 – smeaccountant

Bangalore ITAT Rules in Favor of Unregistered Educational Trust Regarding Loss Set-Off

In a notable tax jurisprudence development, the Bangalore bench of the Income Tax Appellate Tribunal (ITAT) delivered a favorable verdict regarding the tax computation for an unregistered educational trust. According…

Prasenjit Bhowmik August 1, 2026

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ITC Benefit Must Be Passed Through Price Reduction, Not Free Construction: GSTAT

In a recent ruling, the Goods and Services Tax Appellate Tribunal (GSTAT) clarified that businesses must pass on Input Tax Credit (ITC) benefits through direct price reductions rather than offering…

Prasenjit Bhowmik July 31, 2026

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Global Overhead Charges Not Taxable as Fees for Included Services: Mumbai ITAT

In a notable tax jurisprudence development, the Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has ruled that global overhead charges do not qualify as Fees for Included Services…

Prasenjit Bhowmik July 31, 2026

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CESTAT Allows CENVAT Credit on Housekeeping, Construction, Courier and Insurance Services

In a significant legal development for corporate taxpayers, the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) recently delivered a comprehensive ruling regarding CENVAT credit eligibility. According to official reports,…

Prasenjit Bhowmik July 31, 2026