2026 (9) TMI 783

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....E B M SHYAM PRASAD For the Petitioner : Sri. Hemanth V Pai, Advocate A/W Smt. Namitha P., Advocate For the Respondents : Sri. Y.V. Raviraj., Advocate A/W Sri. Vinayaka S Pandit., Advocate ORAL ORDER : The petitioner has called in question the scrutiny assessment order dated 18.03.2026 under Section 143 (3) read with Section 144B of the Income Tax Act, 1961 [for short, 'the Act'] while ....

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....ated 27.02.2026 [Annexure-K] proposing variations under Section 69C of the Act and addition as business income under Section 44AB of the Act. [b] The petitioner has filed response against these two variations. The petitioner's response on these two proposed variations is accepted but the assessment is concluded treating a sum of Rs.2,38,89,870/- as unexplained money under Section 69A ....