The ITAT, while acknowledging the assessee’s lack of cooperation, found that the CIT (A) had erred in setting aside the assessment. The ITAT cited the precedent set in Arun Kumar Bose vs. ITO; ...

In Money today: the most complained-about mobile, broadband and pay-TV companies; our latest mortgage guide; and the secret refund you can get on plane tickets worth up to £202; the average cost of a ...

Delhi High Court held that limits prescribed under section 36 (1) (iv) of the Income Tax Act would only apply to an initial or an ordinary annual contribution. Thus, contribution made additionally in ...

So, the provisions of section 115BBE of Income tax Act. 1961 have been erroneously imposed by Assessing Officer while passing assessment order. Therefore, the Assessment order passed by Assessing ...

During the hearing, the Senior Departmental Representative (DR), Smt. Tarannum Verma, did not object to the withdrawal ...

In the recent ruling HC of Telangana have held that assessee is eligible to claim capital gain after observing that the ...

Montana Senator Steve Daines, along with Majority Whip John Barrasso of Wyoming and Idaho Senator Mike Crapo, is taking action in the U.S. Capitol.

The Child Tax Credit (CTC) has been a lifeline for many American families, especially during the COVID-19 pandemic.

During the pendency of the Appeal filed by the respondent-Authority before the NCLAT, the impugned notice dated 30 th March, 2023 was issued u/s. 148 of the Act to re-open the assessment for ...

MANILA, Philippines – The Court of Tax Appeals (CTA) has affirmed the victory of former senator Manny Pacquiao and his wife Jinkee in a P2.2-billion tax case.

There are three status updates which the taxpayer might see: “received return,” “refund approved,” or “refund sent.” If the ...