S.O. 5187 (E).— In exercise of the powers conferred by clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (43 of 1961) read with Rules 5C and 5E of the Income-tax Rules, 1962, ...

KSCAA has reported that the tax department has been erroneously processing many income tax returns (ITRs) and even imposing ...

The Income Tax Appellate Tribunal (ITAT), Mumbai, ruled in favor of the assessee, Manish Manohardas Asrani, quashing a penalty of ₹44,90,048 levied under Section 270A (8) of the Income Tax Act, 1961.

Revenue Secretary Sanjay Malhotra on Wednesday asked DRI officers to nab the masterminds behind smuggling rackets, but keep the interest of the economy in mind before issuing high-pitched notices in ...

Accurate cost basis calculation is essential for determining capital gains or losses and ensuring compliance with tax laws.

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