The new tax credits follow a 2024 State Tax Commission order that instructed Jackson County to roll back a majority of its 2023 residential assessment values over concerns that the values had not been ...

ITAT Kolkata ruled that belated filing of Form 10B is only a technical defect and cannot justify denial of charitable exemption. The Tribunal restored Section 11 benefits after confirming compliance ...

The Gujarat High Court has allowed writ petition by Pfizer, a pharmaceutical major against the Value Added Tax (VAT) Tribunal order that expressly barred the consideration of any additional ...

The Income Tax Appellate Tribunal in Bangalore has thoughtfully ruled that clerical oversights in income tax filings won't ...

Thanks to the IRS MATH Act, the IRS must now explain mistakes in plain English, show any adjustments, and put your 60-day ...

The Internal Revenue Service is urging Americans to begin preparing now for the 2026 tax filing season, warning that changes under the newly enacted “One Big Beautiful Bill” will affect deductions, ...

ITAT Rajkot held that cash reflected in 26AS represents pass-through freight receipts, not actual turnover. Commission income below the audit threshold, hence tax audit under section 44AB was not ...

Income tax refunds are significantly delayed this assessment year, with processing times extended even for routine cases.

ITAT held that late filing of Form 10B cannot automatically deny exemption when the delay is bona fide and curable. The matter was remanded for fresh examination after recognising that Form 10B is a ...

Taxpayers can now claim new tax regime benefits even if Form 10IC is filed late. The ITAT Mumbai ruled that technical errors ...