The Tribunal held that revision under Section 263 cannot be triggered merely on the Assessing Officers recommendation.

The Tribunal ruled that exemption for charitable trusts cannot be denied merely due to belated filing of Form 10B. It reaffirmed that the requirement is directory, not mandatory, when the audit report ...

# Dissatisfied, Mr Kassin launched a Supreme Court legal action for alleged negligence and breach of fiduciary duty against JP Morgan Trust Company (Bahamas) on March 25, 2022, claiming reimbursement ...

India’s start-up ecosystem witnessed a strong year in 2025, marked by innovation, fundraising activity and a growing number ...

Here’s what to know about California’s potential new tax on billionaires. A large labor union representing health care ...

A ‘tax year’ is a period of twelve months contained in a financial year. It replaces the term ‘previous year’ used in the Income-tax Act, 1961. With the discontinuance of the use of the term ...

With Budget 2026 approaching, taxpayers and investors are facing an unusual legislative conundrum. This time, the familiar ...

If any tax policy changes are announced in Budget 2026, legislative logic dictates they will have to be made directly in the ...

The Budget is not just an economic document or an annual statement of accounts of the central government - it’s the road map ...

Department of Education delays garnishing wages and intercepting federal income tax refunds, as changes are made in student ...

The AICPA’s Tax Division volunteer committees and technical resource panels can point to many positive results last year from its advocacy to Treasury, the IRS, and Congress for law changes and ...

Arusha. The Court of Appeal has upheld decisions of the Tax Revenue Appeals Board (TRAB) and the Tax Revenue Appeals Tribunal ...