The issue was whether accumulated income could be taxed merely because it was not spent exactly for the purpose stated in Form-10. ITAT Delhi held that as long as funds are applied toward charitable ...

After working in Dubai for 20 years Man used Rs 2 crore savings to buy Mumbai property; Tax dept sent notice; he wins case in ...

ITAT Ahmedabad rules that a charitable trust’s exemption under Sections 11 and 12 cannot be denied due to a technical mismatch in reporting new 12AB registration in the ITR. The substantive validity ...

In a landmark decision on November 19, 2025, the ITAT Hyderabad ruled that severance packages is to be classified as taxable ...

Taxpayers can now claim new tax regime benefits even if Form 10IC is filed late. The ITAT Mumbai ruled that technical errors ...

The notice provides an optional interim simplified method of determining whether a corporation is an applicable corporation for purposes of the corporate AMT and relief from the Sec. 6655 penalty for ...

October 15th was the final deadline for filing your income tax return. While many people look forward to a refund, millions of Americans unknowingly leave money on the table every year. In fact, the ...

Walmart has updated its return policy ahead of the holiday season. Under the new rules, most items purchased in-store or online from October 1 through December 31 are returnable until January 31.

Amazon has updated its return policy for the holiday season, and now shoppers will have an extended time period to return products. Typically, Amazon lets you return items for a refund or ...

(NEXSTAR) – After several key changes in 2025, experts are advising taxpayers to start preparing for the coming year now to avoid any costly mistakes. “Taking action before the end of this year can be ...

WASHINGTON — Treasury Secretary Scott Bessent revealed that the Trump administration has discussed restricting the president’s proposed $2,000 tariff dividend to families making less than six figures.