income tax appeal – smeaccountant

Spilled jar of pennies creating a pattern of coins representing savings and finance.

Delhi ITAT Rules Penny Stock Label Insufficient for Section 68 Addition Without Evidence

Delhi ITAT deletes ₹27.83 lakh LTCG addition, ruling that merely labeling a share as a penny stock is not enough without specific price rigging evidence.

Prasenjit Bhowmik September 10, 2026

Heavy traffic at an Indian highway underpass with diverse vehicles and people.

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ITAT Pune Condones Filing Delay and Directs Fresh Adjudication for Tax Appeal

Discover how ITAT Pune condoned a filing delay, set aside a previous CIT(A) order, and remanded the tax appeal for a brand new review and hearing.

Prasenjit Bhowmik September 10, 2026

Cutout paper composition of realtor with inscription mortgage over house for purchases with payment of interest on amount of cost

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ITAT Mumbai Rules in Favor of Taxpayer in Loan Addition Dispute

Discover how ITAT Mumbai successfully allowed a taxpayer appeal in a loan addition case by following the established Bhavana Suresh Chauhan precedent.

Prasenjit Bhowmik September 9, 2026

A breathtaking aerial view of the coastline in Visakhapatnam, capturing lush hills and the vibrant sea.

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ITAT Visakhapatnam Condones 453-Day Delay and Restores Tax Appeal

ITAT Visakhapatnam condoned a 453-day filing delay for a tax appeal, ruling in favor of a fair review on merits by the CIT(A).

Prasenjit Bhowmik September 4, 2026

Wooden letter tiles on a wooden surface spell out the word "Recession," symbolizing economic downturn.

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ITAT Ahmedabad Rules in Favor of Depreciation on Slump Sale Intangibles

Explore the ITAT Ahmedabad ruling on depreciation for slump sale intangibles, interest deductions under Section 36(1)(iii), and advance revenue appeals.

Prasenjit Bhowmik September 3, 2026