Hyderabad ITAT – smeaccountant

Hyderabad ITAT Rules Reassessment on Existing Material Constitutes Change of Opinion

The Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT) has issued a significant ruling concerning tax reassessment procedures. According to official reports, the tribunal quashed a reopening notice under…

Prasenjit Bhowmik August 22, 2026

Blog

Hyderabad ITAT Deletes ₹2.55 Crore On-Money Additions for Lack of Corroboration

In a significant legal development, the Hyderabad bench of the Income Tax Appellate Tribunal (ITAT) has deleted tax additions amounting to ₹2.55 crore. Official reports indicate that the tribunal ruled…

Prasenjit Bhowmik August 15, 2026

Blog

Hyderabad ITAT Rules Only 16% of ₹40.93 Crore On-Money Receipts Are Taxable

In a notable tax jurisprudence development, the Hyderabad bench of the Income Tax Appellate Tribunal (ITAT) has ruled that only 16 percent of a disputed ₹40.93 crore in on-money receipts…

Prasenjit Bhowmik August 15, 2026

Blog

Hyderabad ITAT Rules in Favor of Section 80P Deduction Following Condonation of Delay

In a recent ruling that brings relief to taxpayers, the Hyderabad bench of the Income Tax Appellate Tribunal (ITAT) has directed the Assessing Officer (AO) to reconsider a tax deduction…

Prasenjit Bhowmik August 14, 2026