Bombay High Court has quashed a notice of reassessment issued to Hindustan Lever Ltd. under Section 148 of the Income-tax Act, 1961, for the assessment year 1997-98. The court determined that the ...

Section 158AB of the Income Tax Act, 1961, was introduced to reduce repetitive litigation by deferring certain appeals when ...

However, the ITAT found a critical inconsistency: in the assessment of the assessee’s husband, who was a co-owner of the same property, the revenue had accepted the cost of acquisition as declared, ...

The assessee has filed the present appeal against the impugned order dated 18/10/2024, passed under section 250 of the Income ...

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National Oceanic and Atmospheric Administration (NOAA) is set to lose about 1,000 additional employees, following an earlier reduction of 1,300 workers, totaling a 20% workforce cut. Experts warn this ...

The ITAT bench ruled that the income tax department's reassessment of Shah Rukh Khan's case was not legally justified.

U.S. President Donald Trump is expected to boast about his sweeping cuts to the federal bureaucracy during an address to a ...

After promising during his election campaign to put tariffs back at the center of US economic policy, President Donald Trump ...

However, the ITAT found that the Transfer Pricing Officer (TPO) order concerning QlikTech India for the same assessment year treated the software sales as outright transactions, subject to TPO ...

Conclusion: Revision order issued by PCIT was quashed against Make My Trip (India) Private Limited as AO had conducted a proper inquiry before allowing the deduction of Employee Stock Option Plan ...

Bombay High Court overturned a reassessment notice issued to Indusind Media & Communications Ltd. under Section 148 of the Income Tax Act for the assessment year 2007-08. The core issue revolved ...