2026 – Page 41 – smeaccountant

Close-up of tower servers in a data center with blue and red lighting.

ITAT Chandigarh Rules Third-Party JSK Server Data Insufficient for Unaccounted Purchases

ITAT Chandigarh deletes major additions, ruling that third-party JSK server data without independent corroboration fails to prove unaccounted purchases.

Prasenjit Bhowmik October 5, 2026

Stunning close-up of intricately designed gold and beaded jewelry showcasing traditional craftsmanship.

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ITAT Ranchi Deletes Section 69A Addition on Joint Family Gold and VDIS

ITAT Ranchi deletes Section 69A additions worth Rs 27.54 lakh for joint family gold and bullion backed by proper invoices and accepted VDIS declarations.

Prasenjit Bhowmik October 5, 2026

Colorful tax reminder on clipboard against a pink background for March

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ITAT Ranchi Rules Old Investigation Report Cannot Support March 2021 Tax Reopening

ITAT Ranchi quashes a section 148 tax notice and deletes a major addition, ruling that dated investigation reports cannot justify March 2021 reopenings.

Prasenjit Bhowmik October 5, 2026

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

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ITAT Surat Rules on Year-Wise Taxation for On-Money Flat Transfers

Discover the ITAT Surat ruling allowing year-wise taxation of on-money from flat sales, subject to verification and formal undertakings.

Prasenjit Bhowmik October 5, 2026

Two workers repairing a cellular tower against a cloudy sky, with an airplane in the background.

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Airtel Business Launches India’s First Telco-Grade Communications Platform

Discover Airtel IQ Gateway, India’s first telco-grade communications platform unifying messaging, voice, fraud protection, and smart routing.

Prasenjit Bhowmik October 5, 2026

Wooden Scrabble tiles arranged on a white surface spelling 'Allow for Delay'.

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ITAT Pune Excuses Massive Appeal Delay for Cooperative Housing Society

ITAT Pune condones a 3726-day appeal delay for a small housing society, emphasizing that the validity of the explanation outweighs the length of the delay.

Prasenjit Bhowmik October 5, 2026

Studio shot of income tax envelope with red pen for accounting and tax season preparation.

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Supreme Court Rules Income Tax Reopening Merely for Document Verification Invalid

The Supreme Court dismissed the Revenue's SLP, upholding the Bombay High Court ruling that income tax reopening solely for document verification is invalid.

Prasenjit Bhowmik October 5, 2026

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Bombay High Court Rules Income Tax Reopening for Document Verification Invalid

Bombay HC invalidates Section 147 tax reopening done solely to verify documents without establishing reason to believe income escaped assessment.

Prasenjit Bhowmik October 5, 2026

Detailed close-up image of a U.S. 1040 Individual Income Tax Return form, ideal for finance-related content.

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Bombay High Court Rules Audit Objections Cannot Reopen Assessed Tax Issues

The Bombay High Court held that tax assessments cannot be reopened via Section 148 based on audit objections for matters already examined by the assessing officer.

Prasenjit Bhowmik October 5, 2026

A determined man wearing ear and eye protection aims a rifle at a target in an indoor shooting range.

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ITAT Delhi Rules Additions Beyond Limited Scrutiny Scope Unsustainable Without Prior Approval

ITAT Delhi rules that tax authorities cannot make additions beyond limited scrutiny scope without proper complete scrutiny approval, protecting taxpayers.

Prasenjit Bhowmik October 5, 2026