Kerala High Court held that direction of reopening of assessment by appellate authority without any enquiry or without any material is unjustified and untenable in law. Accordingly, appeal allowed.

Republicans are likely to fight to keep key components of the Tax Cuts and Jobs Act in place, however they are not entirely ...

Conclusion: Once the company had shown the source of giving loan from various transactions reflected in the bank statement and had given the details, there were no reason to doubt the source of funds.

The Income Tax Department's e-campaign is designed to remind taxpayers of their responsibility to disclose foreign assets and ...

It is thought that Trump’s pledge to introduce tax cuts and steep tariffs could boost economic growth — but widen the fiscal ...

The firm is suing him back and claiming he was personally responsible for the massive financial damage the scandal has ...

Reflecting the theme of Viksit Bharat, the pavilion’s central structure illustrates India’s aspirations to shine on the ...

More than 90 percent of the city’s historic tax exemptions in 2023 went to property owners west of Interstate 35, with a ...

The Central Board of Direct Taxes recently issued a circular for condonation of delay in filing ITR. ​The latest circular has ...

The latest decision in Mukhi v. Commissioner came after a flurry of activity involving the IRS' ability to assess the penalty ...

Illinois is scrutinizing the "senior freeze" tax program after finding abuses and initiating reforms for better oversight.

Louisiana Gov. Jeff Landry's complex tax reform package, intended to deliver large income and corporate tax cuts, has faced ...