The Internal Revenue Service released new rules this week for a tax break that lets you deduct up to $10,000 in car loan ...

The AO passed a rectification order while the core section 50C addition was pending fresh adjudication. ITAT ruled that such parallel adjudication leads to inconsistency and must be ...

The ITAT ruled that an inadvertent mistake in selecting the assessment year while filing Form 10AB cannot defeat an existing valid registration. Mechanical rejection without record verification was ...

The Tribunal ruled that once the original notice itself is jurisdictionally invalid, later compliance with section 148A is irrelevant. Foundational defects cannot be remedied ...

The ITAT held that late filing of Form 67 cannot defeat a valid FTC claim. The ruling clarifies that procedural delays do not override substantive treaty ...

The Court upheld GST tax and penalty where multiple goods were transported without invoices or E-way bills. Subsequent production of documents at the appellate stage was held insufficient to cure ...

The IRS has released initial guidance on contributions, limits and withdrawals for the new Trump accounts authorized under the One Big Beautiful Bill Act—as well as how to apply to open one. Trump ...

This story has been updated at 4:50 p.m. ET. The Internal Revenue Service on Friday afternoon told employees that "the majority" of outstanding backpay due to furloughed and excepted employees ...

It will take weeks — and probably months — for the Internal Revenue Service to return to full operations after the longest federal government shutdown in U.S. history. Experts said the agency has a ...

It’s official: Oregon taxpayers have $1.41 billion coming back to them when they file returns next year. Oregon’s “kicker” law is once again bestowing its gifts. The law refunds taxpayers whenever ...

Amid the government shutdown, ANCHOR rebate checks and inflation refund checks are still on the way for qualifying Americans, as others are wait for updates on the American Worker Rebate Act, IRS tax ...

The IRS on Thursday announced adjustments it is making to a host of line items on your federal tax return for this year and next. Those updates are the result of changes in inflation but also due to ...