The Internal Revenue Service issued updated frequently asked questions on Form 1099-K on Oct. 23, 2025, clarifying reporting requirements for third-party payment networks under the One, Big, Beautiful ...

Long revered as a modest symbol of our democracy, the White House and its East Wing today symbolize Donald Trump’s ...

The issue was the summary dismissal of the taxpayer's appeal by the CIT(A) for non-compliance, despite giving only a one-day ...

Where inspection reports and material evidence establish non-functional business activity and assessee failed to avail ...

The amendment to Explanation 1(d) of Rule 43 of the CGST Rules, 2017, effected vide Notification No. 14/2022 – Central Tax ...

The ITAT Pune quashed reassessment proceedings, ruling them void ab initio because the requisite approval under Section 151(ii) was granted by the Principal Commissioner of Income Tax (PCIT) instead ...

Relying on the Schneider Electric judgment of the Delhi High Court, the ITAT held that absence of a separate immunity order within one month does not justify penalty ...

The West Bengal Authority for Advance Ruling (AAR) clarifies that Cotton Seed De-oiled Cake (HSN 2306) is fully exempt from ...

What is the welfare state America wants, and what is the one it can afford? This is not a question Americans are ready to ...

The core issue was the disallowance of Rs.169 Cr in Customer Acquisition Cost (CAC), treated as capital expenditure for an enduring benefit. The ITAT deleted the addition, ruling that routine, ...

Tribunal compared Juniper’s interlinked trading and service activities to the egg-or-chicken story, holding entity-level TNMM appropriate and deleting the TP ...

ITAT Visakhapatnam, in case of Subbarao Jaladi v. ITO, set aside an addition of ₹6,37,16,100/- made under Section 69 of Income Tax Act, 1961, regarding unexplained bank cash ...