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 ...

Federal agencies will vacate hundreds of offices this summer, driven by Elon Musk's budget-cutting advisors aiming to save ...

The people said Paul was demoted from his position because he clashed with the DOGE's alleged push to share tax information with multiple agencies. The news also comes as the IRS plans to institute ...

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

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 ...

The new Income Tax Act is going to be implemented from April 1, 2026, and many major changes have been made in it as compared ...

AO had rightly reopened assessee’s case as there was no change of opinion but all the aspects should have been taken into consideration by AO under proceedings related to Section 143 (1) and assessee ...

America's debt trajectory, nearing $30 trillion, is unsustainable, needing $10 trillion in deficit reduction over the next ...

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

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, ...

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 ...

Labour unions have filed for an emergency order to prevent the Department of Government Efficiency (DOGE), led by Elon Musk, ...