Taxation – smeaccountant

ITAT Ahmedabad Rules Against NIL Arm’s Length Price in Intra-Group Service Disputes

ITAT Ahmedabad rules against NIL arm's length price for intra-group services, affirming taxpayer evidence over arbitrary benefit tests in transfer pricing...

Prasenjit Bhowmik June 8, 2026

Blog

Uttarakhand High Court Quashes GST Assessment Order Over Premature Hearing

Uttarakhand High Court voids a GST assessment order, emphasizing due process and taxpayer rights regarding premature hearing schedules.

Prasenjit Bhowmik June 8, 2026

Blog

ITAT Delhi Rules Against Transfer Pricing Adjustments When Income is Already Taxed in India

ITAT Delhi rules against transfer pricing adjustments when foreign LLC income is already taxed in India, preventing double taxation and ensuring fairness.

Prasenjit Bhowmik June 8, 2026

Blog

Supreme Court Reaffirms Precedent on Advance Room Night Taxation

Supreme Court ruling clarifies tax treatment of advance room night payments and holiday scheme surrenders, providing certainty for the hospitality sector.

Prasenjit Bhowmik June 8, 2026

Blog

Borrowed Satisfaction: ITAT Quashes Penny Stock Additions in Multiple Family Cases

The Income Tax Appellate Tribunal (ITAT) Delhi has issued a landmark ruling, invalidating reassessment proceedings initiated against several family members involved in alleged penny stock transactions. The tribunal determined that…

Prasenjit Bhowmik June 7, 2026

Blog

Madras High Court Rules UPI Receipts Do Not Automatically Constitute Taxable Turnover for GST

Madras High Court clarifies UPI receipts alone do not automatically constitute taxable GST turnover for second-hand goods dealers.

Prasenjit Bhowmik June 7, 2026

Blog

Madras High Court Overturns Ex Parte GST Order Amid Notification Concerns

Madras High Court quashes an ex parte GST order, emphasizing proper taxpayer notification beyond just the online portal for fair assessment.

Prasenjit Bhowmik June 7, 2026

Blog

Tax Tribunals Clarify Classification of Trailer Hire Services

Defining the Scope of Tangible Goods SupplyIn a recent ruling that clarifies tax obligations for logistics providers, tax authorities have determined that the provision of trailers accompanied by drivers, fuel,…

Prasenjit Bhowmik June 7, 2026

Blog

Navigating the Complexities of India’s State-Specific Stamp Duty Laws for Indemnity Bonds

Legal compliance remains a moving target for businesses and individuals across India as stamp duty rates for indemnity bonds continue to vary significantly from one state to another. Because stamp…

Prasenjit Bhowmik June 6, 2026

Blog

Navigating GST Compliance: Mastering Proportionate ITC Reversal

The Growing Risk of GST ITC NoticesAs the Goods and Services Tax (GST) framework matures in India, tax authorities are intensifying their scrutiny of Input Tax Credit (ITC) claims, specifically…

Prasenjit Bhowmik June 5, 2026