The Delhi ITAT quashed a ₹42.10 Crore addition made in a Section 153A assessment, confirming that additions cannot be made to completed assessments without incriminating material seized during the ...

The issue was whether the AO could make an addition for unexplained share capital and premium without finding any defect in the extensive documentation filed by the taxpayer. The Tribunal emphasized ...

The Income Tax Department now shows when officials view your tax notice submissions online. This new feature confirms your ...

Inflation adjustments and higher personal deduction rates could help lighten the tax burden for U.S. taxpayers.

Federal Reserve Chair Jerome Powell said on Tuesday the end of the central bank’s long-running effort to shrink the size of ...