Delhi High Court held that revenue/ department is not entitled to adjust the refunds granted to the petitioner against demand ...

ITAT Ahmedabad held that interest income earned from deposits with co-operative banks is allowable as deduction under section 80P (2) (d) of the Income Tax Act. Accordingly, the appeal is allowed.

Considers Randolph v. Joseph (In re Joseph), where a tax non-filer was denied a discharge for failure to maintain business ...

Mumbai: In a significant relief to taxpayers, the Bombay High Court has directed the Central Board of Direct Taxes (CBDT) to ...

The federal government could shut down at 12:01 a.m. Saturday, but few Californians are likely to notice any impact, at least at first. Social Security benefits will still be paid. Federal security ...

One of the most turbulent sessions of Congress in the modern era is about to make way for the next one. Midnight passage of ...

The GST Council approved key reforms, including a track and trace mechanism to curb tax evasion, while deferring decisions on ...

The 55th GST Council meeting, chaired by Finance Minister Nirmala Sitharaman, recommended a 5% GST on ready-to-eat popcorn with salt and spices (if not pre-packaged), 12% on pre-packaged popcorn, 18% ...

This guest column is part of the annual End-of-Year Guest Column series, in partnership with The Genesis Group, featuring ...