The Delhi High Court, in its analysis, found the revenue’s approach to be flawed. The court specifically noted that a perusal of the reasons recorded for reassessment “would establish beyond a measure ...

Bombay High Court recently set aside an income tax assessment order and remanded the case back to the assessing officer after the Income Tax Department admitted to a “bonafide error” in not granting a ...

The Central Bureau of Investigation (CBI) arrested Hyderabad Income Tax Commissioner Jeevan Lal Lavidiya and four others after catching them red-handed while accepting a bribe of ₹70 lakh on ...

The CBI has arrested Commissioner Income Tax (Exemptions), Hyderabad, Jeevan Lal Lavidiya and four others in an alleged bribery case of Rs 70 lakh. New Delhi, May 10 (PTI) The CBI has arrested ...

The CBI has arrested Commissioner of Income Tax (Exemption), Hyderabad, Jeevan Lal Lavidiya, for allegedly accepting a bribe of Rs 70 lakh to settle an appeal in favour of Shapoorji Pallonji Group ...

The Income Tax (I-T) Department has notified income tax returns for assessment year 2025-26 (financial year 2024-25) enabling the filing of returns effective April 1. This year onwards, the tax ...

ITR intimation password: Upon processing your income tax return, the Income Tax Department sends a Section 143(1) intimation notice, a password-protected PDF. This notice confirms whether your income ...

Trending Photos New Delhi: The Central Board of Direct Taxes (CBDT) has notified the income tax return forms ITR-1 and ITR-4 for the financial year 2024-25 and the assessment year 2025-26. The returns ...

Aliss Higham is a Newsweek reporter based in Glasgow, Scotland. Her focus is reporting on Social Security, other government benefits and personal finance. She has previously extensively covered U ...

The finance ministry had introduced the faceless scheme to increase transparency, reduce human interface and prevent corruption. The scheme is called "faceless" as the assessee does not get to see ...

ITR filing deadline 2025: The income tax department has not yet notified the income tax return forms. As the one month is about to pass, will the late notification of the ITR forms lead to extension ...

Greg Gianforte on Monday signed into law a bill cutting income taxes — the third reduction over the five years of his administration. House Bill 337, sponsored by House Speaker Brandon Ler, R-Savage, ...