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Income Tax Reopening Merely for Verification Invalid; Supreme Court Dismisses Revenue SLP Income Tax Reopening Merely to Verify Documents Without Reason to Believe Invalid: Bombay HC Corporate Law Audit Objection Cannot Reopen Assessment on Issues Already Examined by AO: Bombay HC Income Tax Addition Beyond Limited Scrutiny Scope Without Prior Approval Unsustainable: ITAT Delhi Income Tax ₹2.48 Crore Section 68 Addition Deleted as Bank Credits From Money Transfer Business Explained: ITAT Mumbai Income Tax Excess Stock Forming Part of Business Stock Cannot Be Treated as Section 69 Income: Andhra Pradesh HC Income Tax Section 115BBE Not Applicable When Excess Stock Is Traceable to Business Income: ITAT Chandigarh Income Tax Section 271AAB Penalty Notice Must Specify Applicable Limb: ITAT Chennai
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Day: August 21, 2026

172 articles
Income TaxITAT Mumbai Deletes ₹1.45 Crore Addition Based Only on Survey Statement
Income Tax

ITAT Mumbai Deletes ₹1.45 Crore Addition Based Only on Survey Statement

CA Sandeep Kanoi1 month ago
Income TaxSection 50C Not Applicable to Tenancy Agreement Without Sale Consideration: ITAT Mumbai
Income Tax

Section 50C Not Applicable to Tenancy Agreement Without Sale Consideration: ITAT Mumbai

CA Sandeep Kanoi1 month ago
Goods and Services TaxKarnataka HC Allows Reimbursement of Additional GST on Government Contract
Goods and Services Tax

Karnataka HC Allows Reimbursement of Additional GST on Government Contract

CA Sandeep Kanoi1 month ago
Income TaxInterest on Surplus Funds with Banks Eligible for Section 80P Deduction: ITAT Nagpur
Income Tax

Interest on Surplus Funds with Banks Eligible for Section 80P Deduction: ITAT Nagpur

CA Sandeep Kanoi1 month ago