ITAT Mumbai held that alleged bogus purchases cannot be disallowed when the assessee provides invoices, receipts, bank proofs, and GST compliance. The ruling confirms that suppliers’ non-filing alone ...

The AO added ₹1 crore based on alleged cash receipts from third-party material. The Tribunal held the reopening itself was invalid, so the addition could not ...

Colgate-Palmolive (India) Limited (CPIL) announced on Thursday that it received an income tax demand of Rs 267.64 crore for ...

The Income Tax Department is stepping up scrutiny for tax returns and many taxpayers are getting alerts to check t.

Income Tax Refund Status, Risk Management for AY 2025-26 Explained: The messages and e-mails from the Income Tax Department, asking people to file revised returns by December 31, have invited ire.

The department has advised taxpayers to review their ITRs, verify the correctness of their exemption claims, and revise their ...

The initiative, which is advisory in nature, requires identified taxpayers to file revised income-tax returns (ITRs) by 31, 2025.

In a notification issued on December 23, 2025, the tax authority said advanced risk analytics under its risk management framework have identified several cases for Assessment Year (AY) 2025–26 where ...

President Donald Trump suggested Tuesday that Americans may "not even have income tax to pay" in the near future, saying tariff-driven revenue could allow for the historic elimination of the federal ...

ATLANTA — Georgia’s Community Action Agencies are preparing to launch the 2025–2026 Low Income Home Energy Assistance Program amid federal funding uncertainties. The GCAA announced Monday that while ...

Cambridge businesses are facing a 22% increase in commercial property tax rates, a sharp rise that small business advocates say threatens their survival, according to discussions at a Monday Cambridge ...

Top Georgia Senate Republicans are committed to cutting or completely eliminating the state income tax. Proponents argue the cut would make Georgia more competitive with states like Florida and ...