The Supreme Court on Monday questioned the Delhi high court's decision asking the Congress party to approach the Income Tax Appellate Tribunal for a stay on Income Tax demand notice for recovery of......
The Delhi high court on Thursday rejected petitions by the Congress challenging the initiation of tax reassessment proceedings against it for a period of four years by tax authorities. Photograph:......
In mounting trouble for the Congress, sources in the party said it has received fresh notices from the Income Tax department, raising a tax demand of Rs 1,745 crore for the assessment years 2014-15......
The Congress on Monday moved the Delhi high court challenging the dismissal of its plea by the Income Tax Appellate Tribunal (ITAT) against the imposition of penalties for discrepancies in certain......
The Income Tax Appellate Tribunal on Friday dismissed the Congress party's appeal against imposition of penalty for discrepancies in tax returns for previous years and said it was exploring all......
Highlights of the Union Budget 2024-25 presented by Finance Minister Nirmala Sitharaman in Lok Sabha on Tuesday. Illustration: Dominic Xavier/Rediff.com Standard deduction in new tax regime......
The Union finance ministry on Thursday notified the Direct Tax Vivad Se Vishwas Scheme, 2024, which will come into effect on October 1. Photograph: Jitender Gupta/ANI Photo This scheme will allow......
The government has notified October 1 as the starting date for direct tax dispute resolution scheme Vivad Se Vishwas 2.0. Illustration: Dominic Xavier/Rediff.com Vivad Se Vishwas scheme 2.0 was......
'Tax officials view most taxpayers as evaders.''The I-T department has a perverse incentive to raise unreasonable demands since the one-fifth tax collected counts towards officials' collection......
As on April 1, income tax arrears have increased to Rs 43 trillion from Rs 24 trillion on April 1, 2023. Illustration: Uttam Ghosh/Rediff.com The Central Board of Direct Taxes (CBDT),......
Observing that review under the garb of reassessment was not permissible in law, the Bombay High Court has granted relief to mega star Amitabh Bachchan by dismissing an appeal filed by the Income......