The Court held that Section 119(2)(b) empowers condonation to avoid genuine hardship and rejected a hyper-technical denial of tax benefit. Delay in filing Form 10-IC was condoned and Section 115BAA ...

The Tribunal held that non-filing of Form 10CCB along with return is a curable defect. A genuine start-up cannot be denied deduction under Section 80-IAC merely on procedural ...

Learn how to fill out a W-4 form step by step so your tax withholding matches your income, dependents and real-life situation ...

The Tribunal held that interest income arising from working capital used in regular activities retains its character as business income. Section 80P relief cannot be denied merely because income ...

The Hawaii Campaign Spending Commission will investigate whether Lt. Gov. Sylvia Luke violated state law when she failed to ...

The High Court allowed manual filing of GSTR-3B where ITC could not be claimed due to an earlier error. The Court clarified that such filing would not automatically affect the confirmed tax ...

The Bradenton behavioral health center paid nearly $700,000 to an unlicensed "group home" owner and a Miami Beach Realtor to ...

The Tribunal held that once depreciation on goodwill is allowed in the first year, it cannot be questioned in subsequent years. Revisional powers under Section 263 were found to be wrongly ...

The appellate tribunal upheld rejection of a tax claim submitted long after the liquidation deadline. The ruling reiterates that belated claims cannot be entertained once liquidation has ...

Millions of Americans missed out on stimulus checks during the pandemic, with unclaimed funds still recoverable.

The Tribunal held that mere booking of flats and receipt of token advances do not justify revenue recognition under the Percentage Completion Method without legally enforceable ...

The AAR declined to admit the application as scrutiny and adjudication on the same issue had already commenced. It held that ...